24RS HB 216

House Bill 216

Actions

Last Action	01/09/24: to Committee on Committees (H)
Title	AN ACT relating to a supplemental payment for recipients of a monthly retirement allowance from the systems administered by the Kentucky Retirement Systems, making an appropriation therefor, and declaring an emergency.
Bill Documents	Introduced
Fiscal Impact Statement	Actuarial Analysis
Bill Request Number	1170
Sponsors	D. Graham, C. Stevenson, C. Aull, T. Bojanowski, G. Brown Jr., L. Burke, B. Chester-Burton, A. Gentry, D. Grossberg, N. Kulkarni, R. Palumbo, J. Raymond, R. Roarx, R. Roberts, S. Stalker, L. Willner
Summary of Original Version	Appropriate $95 million from the budget reserve trust fund in fiscal year 2023-2024 to fund one-time supplemental payments on July 1, 2024, to recipients of a retirement allowance from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); specify that the one-time supplemental payment shall be equal to the monthly payment received by the recipient in the month of June 2024; APPROPRIATION; EMERGENCY.
Index Headings of Original Version	Actuarial Analysis - Appropriation, supplemental payment for KERS and SPRS retirees Effective Dates, Emergency - Appropriation, supplemental payment for KERS and SPRS retirees Retirement and Pensions - Kentucky Public Pensions Authority, supplemental payment for KERS and SPRS retirees State Agencies - Kentucky Public Pensions Authority, supplemental payment for KERS and SPRS retirees Appropriations - Kentucky Public Pensions Authority, supplemental payment for KERS and SPRS retirees