HB 502

Bill Subjects

Banks And Financial Institutions Fiscal Note Personnel And Employment Public Salaries State Agencies State Employees

Abstract

Amend KRS 286.1-440 to require the commissioner of the Department of Financial Institutions to establish a salary schedule for examiners and assistant examiners that is substantially equivalent to salaries paid by the Federal Deposit Insurance Corporation, Securities and Exchange Commission, and other federal supervisory agencies of similar jurisdiction; provide that the salary schedule of examiners and assistant examiners is not subject to the limitations of KRS 18A.110 or administrative regulations promulgated thereunder, relating to the establishment or amendment of compensation; provide that the salary schedule for examiners and assistant examiners is not subject to approval by the secretary of the Personnel Cabinet or the secretary of the Finance and Administration Cabinet; amend KRS 64.640 to conform.