| Last Action | 02/18/26: reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
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| Title | AN ACT relating to actuarial costs of annual leave payments in the Teachers' Retirement System. |
| Bill Documents | Introduced |
| Fiscal Impact Statements |
Actuarial Analysis
Additional Fiscal Impact Statements Exist |
| Bill Request Number | 139 |
| Sponsors | J. Higdon, R. Mills |
| Summary of Original Version | Amend KRS 161.540 to specify payment obligations for the inclusion of annual leave payments in a retiring member's pension benefits from the Teachers' Retirement System (TRS) by requiring the state to pay the actuarial costs for annual leave accrued through July 31, 2026, and the last employer pay the actuarial costs for annual leave accrued on or after August 1, 2026. |
| Index Headings of Original Version |
Education, Elementary And Secondary - Teachers' Retirement System, annual leave, retirement costs Retirement And Pensions - Teachers' Retirement System, annual leave, retirement costs Teachers - Teachers' Retirement System, annual leave, retirement costs Education, Higher - Teachers' Retirement System, annual leave, retirement costs Universities And Colleges - Teachers' Retirement System, annual leave, retirement costs Actuarial Analysis - Teachers' Retirement System, annual leave, retirement costs |
| Jump to Proposed Amendments | Senate Committee Substitute 1 with Fiscal Impact Statements |
| 01/27/26 |
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| 02/09/26 |
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| 02/18/26 |
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| Amendment | Senate Committee Substitute 1 |
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| Fiscal Impact Statement | Actuarial Analysis to Senate Committee Substitute 1 |
| Summary | Retain original provisions, except specify the state shall pay actuarial costs to the Teachers' Retirement System (TRS) for annual leave accrued on or after August 1, 2026, for school employees not to exceed 5 days annually; provide that only those employees earning annual leave prior to August 1, 2026, with an employer participating in the TRS annual leave program prior to August 1, 2026, may have annual leave payments included in TRS retirement benefit calculations; amend KRS 160.220 to conform. |
| Index Headings |
Education, Elementary And Secondary - Teachers' Retirement System, annual leave, retirement costs Education, Higher - Teachers' Retirement System, annual leave, retirement costs Retirement And Pensions - Teachers' Retirement System, annual leave, retirement costs Teachers - Teachers' Retirement System, annual leave, retirement costs Universities And Colleges - Teachers' Retirement System, annual leave, retirement costs Actuarial Analysis - Teachers' Retirement System, annual leave, retirement costs |
Last updated: 2/18/2026 5:41 PM (EST)