KentuckyAN ACT relating to Teachers' Retirement System benefit funding.
What it does
Create a new section of KRS 161.220 to 161.716, relating to the Teachers' Retirement System (TRS), to require that once the TRS retiree health fund has an actuarial funding level of at least 100%, then the employer funding for retiree health shall be used to pay down the unfunded liability of the TRS pension fund; require that if the actuarial funding level of the TRS retiree health fund falls below 95%, then the employer funding shall be restored to the retiree health fund until the retiree health fund is 100% funded; amend KRS 161.540, 161.550, and 161.675 to provide that the TRS board of trustees shall not recommend changes to the General Assembly to reduce employee or employer funding for retiree health or reduce board adopted charges under the shared responsibility provisions for health benefits for retirees under the age of 65 until the pension and retiree health funds are each 100% funded; amend KRS 161.420 to conform.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 28delivered to Secretary of State (Acts Ch. 126)Latest
- Vote recorded Override Veto Final Passage HB 694. Result: pass.Lower
- Mar 28enrolled, signed by President of the SenateTo Governor
- Mar 28enrolled, signed by Speaker of the HouseMajor
- Mar 28received in House
- Mar 27passed 29-8Major
- Vote recorded Final Passage. Result: pass.Lower
- Mar 27veto overriddenMajor
- Mar 27posted for passage for consideration of Governor's veto
- Mar 27to Rules (S)Minor
- Mar 27received in Senate
- Mar 27passed 67-27Major
- Mar 27veto overriddenMajor
- Mar 27posted for consideration of Governor's veto
- Mar 27taken from Rules
- Mar 27to Rules (H)Minor
- Mar 27received in House
- Mar 25VetoedMajor
- Mar 13delivered to Governor
- Vote recorded Final Passage. Result: pass.Lower
- Mar 13enrolled, signed by President of the SenateMajor
- Mar 13enrolled, signed by Speaker of the HouseMajor
- Mar 13passed 67-20Major
- Mar 13House concurred in Senate Floor Amendment (1)
- Mar 13posted for passage for concurrence in Senate Floor Amendment (1)
- Mar 13taken from Rules (H)
- Mar 12to Rules (H)Minor
- Vote recorded PASS HB 694 W/ sfa1. Result: pass.Lower
- Mar 12received in House
- Mar 12passed 28-9 with Floor Amendment (1)Major
- Mar 123rd readingMinor
- Mar 12floor amendment withdrawn Floor Amendment (2)
- Mar 11floor amendment (2) filedMinor
- Mar 11passed over and retained in the Orders of the DayPassed Senate
- Mar 7posted for passage in the Regular Orders of the Day for Tuesday, March 11, 2025
- Mar 6floor amendment (1) filedMinor
- Mar 62nd reading, to RulesMinor
- Mar 5reported favorably, 1st reading, to CalendarMinor
- Mar 4to Appropriations & Revenue (S)Minor
- Feb 27to Committee on Committees (S)Minor
- Feb 27received in Senate
- Feb 263rd reading, passed 77-18Passed House
- Vote recorded Pass. Result: pass.Lower
- Feb 25posted for passage in the Regular Orders of the Day for Wednesday, February 26, 2025
- Feb 25reported favorably, 2nd reading, to RulesMinor
- Feb 21to Appropriations & Revenue (H)Minor
- Feb 21returned to Committee on Committees (H)
- Feb 211st readingMinor
- Feb 21taken from Committee on Committees (H)
- Feb 19to Committee on Committees (H)Minor
- Feb 19introduced in HouseIntroduced
- Mar 28delivered to Secretary of State (Acts Ch. 126)Latest