House Bill 216

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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

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01/09/24
  • introduced in House
  • to Committee on Committees (H)


Last updated: 4/16/2024 1:01 AM (EDT)