Summary of Original Version

Amend KRS 161.540 to specify payment obligations for the inclusion of annual leave payments in a retiring member's pension benefits from the Teachers' Retirement System (TRS) by requiring the state to pay the actuarial costs for annual leave accrued through July 31, 2026, and the last employer pay the actuarial costs for annual leave accrued on or after August 1, 2026.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions, except specify the state shall pay actuarial costs to the Teachers' Retirement System (TRS) for annual leave accrued on or after August 1, 2026, for school employees not to exceed 5 days annually; provide that only those employees earning annual leave prior to August 1, 2026, with an employer participating in the TRS annual leave program prior to August 1, 2026, may have annual leave payments included in TRS retirement benefit calculations; amend KRS 160.220 to conform.

Summary of Amendment: House Floor Amendment 1 -- V. Grossl

Summary Retain all provisions; create a new section of KRS Chapter 161 to enact and enter into the School Psychologist Interstate Licensure Compact; declare purpose; define terms; establish requirements for member states and for school psychologists to participate in the compact; establish provisions for active duty military members or their spouses; designate procedures for adverse actions against a school psychologist; create the School Psychologist Interstate Licensure Compact Commission and establish its internal procedures; provide for the commission to facilitate the exchange of information; establish rulemaking procedures, oversight, financing, dispute resolution, and enforcement provisions of the compact; create member state compact withdrawal procedures; provide for amendments to the compact; specify applicability of the compact to certain Kentucky state law.

Summary of Amendment: House Floor Amendment 2 -- V. Grossl

Summary Make title amendment.

Statutes affected:
Introduced: 161.540
Senate Committee Substitute 1: 161.540, 161.220
Current: 161.540, 161.220