26RS HB 445

Actions

Last Action	01/21/26: to Committee on Committees (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	1811
Sponsor	E. Hancock
Summary of Original Version	Appropriate $221.4 million, $18.7 million, and $16 million in fiscal year 2026-2027 for the Kentucky Employees Retirement System (KERS) nonhazardous pension fund, the KERS hazardous pension fund, and the State Police Retirement System pension fund, respectively, to provide a one-time 2% COLA effective July 1, 2026; APPROPRIATION; EMERGENCY.
Index Headings of Original Version	Appropriations - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees Budget And Financial Administration - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees Effective Dates, Emergency - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees Police, State - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees Retirement And Pensions - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees State Employees - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees Actuarial Analysis - Kentucky Public Pensions Authority, cost-of-living adjustment for retirees