26RS HB 220

House Bill 220

Actions

Last Action	01/07/26: to Committee on Committees (H)
Title	AN ACT relating to pension spiking in the systems administered by the Kentucky Public Pensions Authority.
Bill Documents	Introduced
Fiscal Impact Statements	Actuarial Analysis Local Mandate
Bill Request Number	1159
Sponsor	J. Blanton
Summary of Original Version	Amend KRS 61.598, relating to pension spiking and the definition of "bona fide promotion or career advancement," to retroactively exempt pension spiking adjustments that were due to 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 for members of the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement System who retired on or after July 1, 2022; require the Kentucky Public Pension Authority to review and make necessary adjustments to benefits payable on or after July 1, 2022, to impacted members; RETROACTIVE.
Index Headings of Original Version	Police, State - Kentucky Public Pensions Authority, pension spiking provisions, retroactive exemption Actuarial Analysis - Kentucky Public Pensions Authority, pension spiking provisions, retroactive exemption Local Mandate - Kentucky Public Pensions Authority, pension spiking provisions, retroactive exemption Public Officers And Employees - Kentucky Public Pensions Authority, pension spiking provisions, retroactive exemption Retirement And Pensions - Kentucky Public Pensions Authority, pension spiking provisions, retroactive exemption Retroactive Legislation - Kentucky Public Pensions Authority, pension spiking provisions, exemption State Employees - Kentucky Public Pensions Authority, pension spiking provisions, retroactive exemption