HB384: AN ACT relating to the Teachers' Retirement System and declaring an emergency.

Legislative Summary

Amend KRS 161.155, 161.220, 161.540, 161.550, 161.600, 161.620, 161.655, 161.400, 161.420, 161.470, 161.507, 161.520, 161.548, 161.549, 161.605, 161.612, 161.630, and 161.661 and repeal KRS 161.633, 161.634, 161.635, and 161.636 to repeal and remove provisions of HB 258 enacted during the 2021 Regular Session that created adjusted benefits for individuals who become members of the Teachers' Retirement System on or after January 1, 2022; provide that these members shall be eligible for the benefits applicable to members who entered the system immediately prior to January 1, 2022; EMERGENCY.