House Bill 20

Actions
Last Action 01/02/24: 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 1051
Sponsors R. Palumbo, C. Aull, T. Bojanowski, G. Brown Jr., L. Burke, E. Callaway, A. Camuel, B. Chester-Burton, A. Gentry, N. Kulkarni, W. Lawrence, J. Raymond, R. Roarx, S. Stalker, C. Stevenson
Summary of Original Version Appropriate $227 million, $17 million, and $17 million in fiscal year 2024-2025 to the Kentucky Public Pensions Authority to fund a one-time two percent cost-of-living adjustment effective July 1, 2024, for Kentucky Employees Retirement System nonhazardous and hazardous duty recipients, and for State Police Retirement System recipients, respectively; APPROPRIATION; EMERGENCY.
Index Headings of Original Version Actuarial Analysis - Kentucky Retirement Systems, cost-of-living adjustments for retirees
Effective Dates, Emergency - Cost-of-living adjustment for Kentucky Retirement Systems retirees, July 1, 2024
Retirement and Pensions - Kentucky Retirement Systems, cost-of-living adjustment for retirees
Budget and Financial Administration - Kentucky Retirement Systems, cost-of-living adjustment for retirees
Appropriations - Cost-of-living adjustment for Kentucky Employees Retirement System and SPRS retirees
Police, State - Kentucky Retirement Systems, cost-of-living adjustment for retirees
State Employees - Kentucky Retirement Systems, cost-of-living adjustment for retirees

Actions

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01/02/24
  • introduced in House
  • to Committee on Committees (H)


Last updated: 4/19/2024 7:10 PM (EDT)