Kentucky 2024 Regular Session Status: In Committee 1 R cosponsors

HB 710 — AN ACT relating to the retirement systems covered under the Kentucky Public Pensions Authority.

Last action — to Committee on Committees (H)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amend KRS 61.542 to make a technical change.

Bill Text

How this bill changes current law

5 changes Share ↗

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill modifies the existing Kentucky pension law regarding beneficiary designations and changes in beneficiary status upon death or divorce.

  • KRS 61.542

    the designation of beneficiary on the notification of retirement, which shall be one (1) person, his or her estate, or a trust, shall supersede the designation of all previous beneficiaries → the designation of beneficiary on the notification of retirement or beneficiary change form shall supersede[ the designation of] all previously[previous] designated beneficiaries

    Clarifies that a beneficiary designation on the retirement notification or change form overrides any previously designated beneficiaries.

  • KRS 61.542

    the member's estate shall become the beneficiary → the estate of the retired member becomes the beneficiary if the date of death of the beneficiary precedes or coincides with the date of death of the retired member

    Specifies that the estate becomes the beneficiary if the beneficiary dies around the same time as the member.

  • KRS 61.542

    However, if the trust is designated as beneficiary, the trustee of the trust may elect to receive a lump-sum payment which shall be the actuarial equivalent to the remaining payments → Any new survivorship payment option shall be actuarially equivalent to the monthly retirement allowance the retired member was receiving prior to the change

    Ensures the new survivorship benefits for a new spouse are equivalent to the retired member's prior payments.

  • KRS 61.542

    when a notification of retirement has been filed at the retirement office, → when a notification of retirement as provided by KRS 61.590 or a form to change beneficiaries as provided by subsection (5)(a) and (b) of this section has been filed at the retirement office

    Expands the circumstances under which beneficiary designations can be altered.

  • KRS 61.542

    the estate of the member becomes the beneficiary if the member dies prior to the first day of the month in which the member would have received his or her first retirement allowance and prior to filing a notification of retirement or a request for refund → A retired member receiving a monthly retirement allowance under the basic payment option, a period certain option as provided by KRS 61.635(5) to (7), or the Social Security adjustment option without survivor rights may elect to change his or her beneficiary at any time

    Allows retired members greater flexibility in changing beneficiaries under specific conditions.

Action History

  1. to Committee on Committees (H)

  2. introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 137 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (137)

137 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 710 do?
Amend KRS 61.542 to make a technical change.
Who sponsors HB 710?
HB 710 is sponsored by Ken Fleming (Republican).
What is the current status of HB 710?
This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 710?
Track HB 710 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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