HB588: AN ACT relating to the Teachers' Retirement System and declaring an emergency.

Legislative Summary

Amend various sections of KRS Chapter 161 to remove provisions of HB 258 enacted during the 2021 Regular Session that created and adjusted benefits for individuals who become members of the Teachers' Retirement System on or after January 1, 2022; repeal KRS 161.633, 161.634, 161.635, and 161.636, relating to university and nonuniversity members; provide that these members shall be eligible for the benefits applicable to members who entered the system immediately prior to January 1, 2022; EMERGENCY.