Last Action | 01/09/24: to Committee on Committees (H) |
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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 |
01/09/24 |
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Last updated: 9/26/2024 1:37 PM (EDT)