22RS HB 446

Actions

Last Action	02/02/22: to Committee on Committees (H)
Title	AN ACT relating to a cost-of-living increase to the retirement benefits for retired state employees, making an appropriation therefor, and declaring an emergency.
Bill Documents	Introduced
Fiscal Impact Statement	Actuarial Analysis
Bill Request Number	1614
Sponsors	D. Graham, B. Wheatley
Summary of Original Version	Appropriate $162 million and $12 million in fiscal year 2022-2023 to fund a one-time one and one-half percent cost-of-living adjustment effective July 1, 2022, for Kentucky Employees Retirement System nonhazardous and hazardous duty retirees/beneficiaries, respectively; APPROPRIATION; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Appropriation, cost-of-living adjustment for retired KERS employees Retirement and Pensions - Kentucky Employees Retirement System, cost-of-living adjustment for retirees State Agencies - Kentucky Retirement Systems, cost-of-living adjustment for retirees Appropriations - Cost-of-living adjustment for Kentucky Employees Retirement System retirees Actuarial Analysis - Cost-of-living adjustment for Kentucky Employees Retirement System retirees