22RS HB 348

Actions

Last Action	01/24/22: to Committee on Committees (H)
Title	AN ACT relating to a cost-of-living increase to the retirement benefits for Kentucky State Police troopers, making an appropriation therefor, and declaring an emergency.
Bill Documents	Introduced
Fiscal Impact Statement	Actuarial Analysis
Bill Request Number	1498
Sponsors	A. Hatton, D. Graham
Summary of Original Version	Appropriate $12 million in fiscal year 2022-2023 to the Kentucky Public Pensions Authority to be applied to the State Police Retirement Fund to prefund in fiscal year 2022-2023 and effective July 1, 2022, a 1.5 percent increase in the monthly retirement allowances paid from the State Police Retirement System to each recipient; APPROPRIATION; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Appropriation, cost-of-living adjustment for retired Kentucky State Police troopers Police, State - Retirement, cost-of-living adjustment for retired troopers Retirement and Pensions - State Police Retirement System, cost-of-living adjustment for retired troopers State Agencies - State Police Retirement System, cost-of-living adjustment for retired troopers Appropriations - Cost-of-living adjustment for retired Kentucky State Police troopers Actuarial Analysis - State police, cost-of-living adjustment, pensions