Summary of Original Version

Amend KRS 161.605, relating to the Teachers' Retirement System, to remove language requiring superintendents to make every reasonable effort to hire qualified applicants for teaching and nonteaching positions, increase the percentage of retired members that an employer can employ full-time from three percent to 10 percent, increase the number of retired members that a local school district may employ under the critical shortage provision from one percent of total active members employed by the school district or two members to 10 percent or four members, remove Kentucky Virtual High School the list of schools the Department of Education operates, remove the pension waiver program, and make technical changes; amend KRS 156.106 to remove language requiring superintendents to make every reasonable effort to hire qualified applicants for critical shortage areas; direct that current participants in the pension waiver program may continue to participate.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; amend KRS 161.605 to require the system to continue to provide health coverage and benefits to TRS retirees reemployed by an employer who does not participate in a state-administered retirement system except as required by the Medicare Secondary Payer Act.

Statutes affected:
Introduced: 161.605, 156.106
Senate Committee Substitute 1: 161.605, 156.106
Current: 161.605, 156.106