| Last Action | 02/07/25: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to a supplemental payment for retired state employees, making an appropriation therefor, and declaring an emergency. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Actuarial Analysis |
| Bill Request Number | 1126 |
| Sponsors | E. Hancock, A. Tackett Laferty |
| Summary of Original Version | Appropriate $95 million from the budget reserve trust fund in fiscal year 2024-2025 to the Kentucky Public Pension Authority to fund one-time supplemental payments on July 1, 2025, 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 2025; APPROPRIATION; EMERGENCY. |
| Index Headings of Original Version |
Actuarial Analysis - Retirement System, supplemental payment for 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 State Employees - Kentucky Public Pensions Authority, supplemental payment for KERS and SPRS retirees Budget and Financial Administration - Kentucky Public Pensions Authority, supplemental payment for KERS and SPRS retirees Police, State - Retirement System, supplemental payment for retirees |
| 02/05/25 |
|
|---|---|
| 02/07/25 |
|
Last updated: 2/7/2025 3:52 PM (EST)