| Last Action | 02/07/25: to Appropriations & Revenue (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 | 1370 |
| Sponsors | E. Hancock, A. Tackett Laferty |
| Summary of Original Version | Appropriate $224 million, $17 million, and $16 million in fiscal year 2025-2026 to the Kentucky Public Pensions Authority to fund a one-time two percent cost-of-living adjustment effective July 1, 2025, 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 - Retirement System, cost-of-living adjustment for retirees Effective Dates, Emergency - Appropriation, cost-of-living adjustment for KERS and SPRS retirees Police, State - Retirement System, cost-of-living adjustment for retirees Retirement and Pensions - Kentucky Public Pensions Authority, cost-of-living adjustment for KERS and SPRS retirees State Employees - Kentucky Public Pensions Authority, cost-of-living adjustment for KERS and SPRS retirees Appropriations - Kentucky Public Pensions Authority, cost-of-living adjustment for KERS and SPRS retirees Budget and Financial Administration - Kentucky Public Pensions Authority, cost-of-living adjustment for KERS and SPRS retirees State Agencies - Kentucky Public Pensions Authority, cost-of-living adjustment for KERS and SPRS retirees |
| 02/05/25 |
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| 02/07/25 |
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Last updated: 2/7/2025 3:52 PM (EST)