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Kentucky 2026RS

HB 406

AN ACT relating to a supplemental payment for recipients of a monthly retirement allowance from the systems administered by the Kentucky Public Pensions Authority, making an appropriation therefor, and declaring an emergency.

Source: Open States / PluralUpdated 2026-11-11 12:11:04 UTC.

Official record

Measure details

Jurisdiction
Kentucky
Session
2026RS
Chamber
lower
Classification
bill
Subjects
Actuarial Analysis, Appropriations, Budget And Financial Administration, Cities, Counties, Education, Elementary And Secondary, Effective Dates, Emergency, Local Government, Police, State, Retirement And Pensions, Special Districts, Special Purpose Governmental Entities, State Agencies, State Employees
Introduced / first action
2026-01-15 05:00:00

Source-supplied abstracts

Appropriate $96 million from the Kentucky Permanent Pension Fund in fiscal year 2026-2027 to the Kentucky Public Pensions Authority to fund 1-time supplemental payments on July 1, 2026, to recipients of a retirement allowance who have been retired for at least 12 months from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); allow the Board of Trustees of the County Employees Retirement System to, by board decision, provide a one-time supplemental payment to recipients of a retirement allowance who have been retired at least 12 months by increasing employer contribution rates over a one-year or two-year period; specify that the 1-time supplemental payment shall be equal to the monthly payment received by the recipient in the month of June 2026; APPROPRIATION; EMERGENCY.

Sponsors

Source-supplied history

Actions

  1. to Appropriations & Revenue (H)

    referral-committee
  2. to Committee on Committees (H)

    referral-committee
  3. introduced in House

    introduction

Recorded votes

Roll calls

No recorded vote is supplied for this bill.

When supplied by the API

Related measures

No resolvable related measure is supplied.