SB 0274 Modifies provisions relating to employees and contributions to the County Employee's Retirement System
LR Number:1209S.04T Fiscal Note:1209-04
Committee:Local Government and Economic Development
Last Action:07/06/01 - Signed by Governor Journal page:
Title:CCS HCS SB 274
Effective Date:January 1, 2002
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Current Bill Summary

CCS/HCS/SB 274 - This act expands coverage under the County Employees' Retirement Fund to include any circuit court appointed officer or employee who is hired and fired and controlled by the Boone County Circuit Court. Any person in a job classification CERF finds ineligible for coverage as of September 1, 2001, shall not be considered an employee unless adequate additional funds are provided for the coverage.

This act allows counties to make matching contributions to the County Employees' Retirement Fund for members employed by the county. Currently, only the Board may make matching contributions.

This act also allows proceeds from a forfeiture acquired from a county's matching contribution to continue to be used toward that county's matching contributions. A forfeiture is the portion of a member's contribution account that is forfeited when a member of the County Employees' Retirement Fund has less than five years of creditable service and leaves employment.

Portions of this act have an effective date of January 1, 2002.