25RS HB 30

Actions

Last Action	01/07/25: to Committee on Committees (H)
Title	AN ACT relating to pension spiking in the Kentucky Public Pensions Authority.
Bill Documents	Introduced
Fiscal Impact Statements	Actuarial Analysis Local Mandate
Bill Request Number	437
Sponsors	J. Blanton, C. Fugate, T. Smith, A. Tackett Laferty
Summary of Original Version	Amend KRS 61.598 to exempt from the pension spiking provisions any increases in rates of pay authorized or funded by the legislative or administrative body of an employer or mandated in a collective bargaining agreement approved by the legislative body of the employer that are provided to members of the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement System.
Index Headings of Original Version	Retirement and Pensions - Kentucky Public Pensions Authority, raises from pension spiking provisions, exemption State Agencies - Kentucky Public Pensions Authority, raises from pension spiking provisions, exemption State Employees - Retirement, legislatively authorized or funded raises from pension spiking provisions, exemption Actuarial Analysis - Retirement, legislatively authorized or funded raises from pension spiking provisions, exemption Local Mandate - Retirement, legislatively authorized of funded raises from pension spiking provisions, exemption