Kentucky HB218 amends the Kentucky Employees Retirement System by revising definitions and provisions related to membership dates and compensation.
Kentucky HB218 amends the Kentucky Employees Retirement System by revising definitions and provisions related to membership dates and compensation. The bill updates the definition of "creditable compensation" to include salary, wages, tips, and fees paid for services performed for an employer. It also modifies the calculation of "final compensation" for members based on their employment dates and positions. Additionally, the bill redefines "gainful employment" to include seasonal, volunteer, part-time, and on-call work.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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