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Neutral Bill Mar 16, 2026

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.

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.

https://legiscan.com/KY/bill/HB406/2026
James Tipton State Representative John Blanton State Representative Cosponsor Ryan Bivens State Representative Cosponsor Emily Callaway State Representative Cosponsor Josh Calloway State Representative Cosponsor Mike Clines State Representative Cosponsor Jennifer Decker State Representative Cosponsor Anne Donworth State Representative Cosponsor Robert Duvall State Representative Cosponsor Dan Fister State Representative Cosponsor Patrick Flannery State Representative Cosponsor Chris Freeland State Representative Cosponsor Chris Fugate State Representative Cosponsor Al Gentry State Representative Cosponsor Deanna Gordon State Representative Cosponsor Daniel Grossberg State Representative Cosponsor David Hale State Representative Cosponsor Tony Hampton State Representative Cosponsor Erika Hancock State Representative Cosponsor Kim Holloway State Representative Cosponsor Thomas Huff State Representative Cosponsor Mary Beth Imes State Representative Cosponsor Kevin Jackson State Representative Cosponsor Nima Kulkarni State Representative Cosponsor William Lawrence State Representative Cosponsor Matt Lehman State Representative Cosponsor Derek Lewis State Representative Cosponsor Scott Lewis State Representative Cosponsor Matt Lockett State Representative Cosponsor Savannah Maddox State Representative Cosponsor Mary Lou Marzian State Representative Cosponsor Candy Massaroni State Representative Cosponsor Bobby McCool State Representative Cosponsor Shawn McPherson State Representative Cosponsor Adam Moore State Representative Cosponsor Sarge Pollock State Representative Cosponsor Steve Riley State Representative Cosponsor Rachel Roarx State Representative Cosponsor Tom Smith State Representative Cosponsor Sarah Stalker State Representative Cosponsor Ashley Laferty State Representative Cosponsor Nancy Tate State Representative Cosponsor Aaron Thompson State Representative Cosponsor Timmy Truett State Representative Cosponsor Bill Wesley State Representative Cosponsor Richard White State Representative Cosponsor Wade Williams State Representative Cosponsor Nick Wilson State Representative Cosponsor
Appropriations State Agencies Cities Counties Local Government Special Districts State Employees Education, Elementary and Secondary Effective Dates, Emergency Police, State Budget and Financial Administration Actuarial Analysis Retirement and Pensions Special Purpose Governmental Entities
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