Retirement And Pensions
Kentucky 2025 Regular Session
AN ACT relating to reemployment after retirement in the Teachers' Retirement System. [HB-441]
[Education ]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
Amend KRS 161.605, relating to the Teachers' Retirement System, to remove language requiring superintendents to make every reasonable effort to hire qualified applicants for teaching and nonteaching positions, increase the percentage of retired members that an employer can employ full-time from three percent to 10 percent, increase the number of retired members that a local school district may employ under the critical shortage provision from one percent of total active members employed by the school district or two members to 10 percent or four
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Sponsored by: Rep. James Tipton
Signed By Governor (acts Ch. 144) on 04/01/2025
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Gettr Kentucky 2025 Regular Session
AN ACT relating to retiree health provisions of the County Employees Retirement System. [SB-10]
[Healthcare ]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Budget and Spending ]
[Funding ]
[Insurance ]
Amend KRS 78.5536, relating to the County Employees Retirement System, to increase the nonhazardous and hazardous duty under age 65 retiree health subsidy to $40 and $50 per month for each year of service, respectively, for those members who meet the "career threshold" who began participating in the system on or after July 1, 2003, and who are eligible for a fixed-dollar retiree health subsidy not tied to the premium; extend the employee contribution used to fund retiree health benefits to include members who began participating in the system on
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Sponsored by: Sen. Robert Mills
Signed By Governor (acts Ch. 37) on 03/19/2025
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Kentucky 2025 Regular Session
AN ACT relating to state financial practices. [HB-376]
[Finance ]
[Technology and Innovation ]
[Taxes ]
[Budget and Spending ]
[Investments ]
[Retirement ]
[Inflation ]
Amend KRS 42.500 to authorize the State Investment Commission to make investments in certain digital assets and bullion; define terms; establish requirements for investments; prohibit investments in central bank digital currency; make technical corrections; amend KRS 42.525 to specify administrative regulation authority of commission regarding investment powers and requirements; create a new section of KRS Chapter 42 to authorize state retirement funds and state deferred compensation fund participants to invest in exchange traded products; amend
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Sponsored by: Rep. T.J. Roberts
To Banking & Insurance (h) on 02/12/2025
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Kentucky 2025 Regular Session
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. [HB-336]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
Appropriate $224 million, $17 million, and $16 million in fiscal year 2025-2026 to the Kentucky Public Pensions Authority to fund a one-time two percent cost-of-living adjustment effective July 1, 2025, for Kentucky Employees Retirement System nonhazardous and hazardous duty recipients, and for State Police Retirement System recipients, respectively; APPROPRIATION; EMERGENCY.
Sponsored by: Rep. Ashley Tackett Laferty
To Appropriations & Revenue (h) on 02/07/2025
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Kentucky 2025 Regular Session
AN ACT relating to the Kentucky Public Employees' Deferred Compensation Authority. [SB-104]
[Pensions ]
[Retirement ]
[Insurance ]
Amend KRS 18A.230 to define "self-directed brokerage account" (SDBA); amend KRS 18A.235 to authorize the board of trustees of the Kentucky Public Employees Deferred Compensation Authority (KY Deferred Comp) to purchase fiduciary liability insurance and reimburse its trustees, officers, and employees for legal expenses relating to performance of their duties; amend KRS 18A.245 to authorize KY Deferred Comp to offer SDBAs to its participants, contract with SDBA vendors, and promulgate administrative regulations relating to SDBAs for its participants,
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Sponsored by: Sen. Jimmy Higdon
Signed By Governor (acts Ch. 141) on 04/01/2025
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Kentucky 2025 Regular Session
AN ACT relating to hazardous duty retirement for code enforcement personnel of a consolidated local government. [HB-367]
[Labor, Jobs, Employment ]
[Retirement ]
[Pensions ]
Amend KRS 78.5520 to redefine "hazardous position" to include code enforcement and zoning inspection personnel employed by a consolidated local government for the purposes of benefits of the County Employees Retirement System.
Sponsored by: Rep. George Brown
To Local Government (h) on 02/07/2025
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Kentucky 2025 Regular Session
AN ACT relating to a supplemental payment for retired state employees, making an appropriation therefor, and declaring an emergency. [HB-337]
[Budget and Spending ]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
[Funding ]
Appropriate $95 million from the budget reserve trust fund in fiscal year 2024-2025 to the Kentucky Public Pension Authority to fund one-time supplemental payments on July 1, 2025, to recipients of a retirement allowance from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); specify that the one-time supplemental payment shall be equal to the monthly payment received by the recipient in the month of June 2025; APPROPRIATION; EMERGENCY.
Sponsored by: Rep. Ashley Tackett Laferty
To Appropriations & Revenue (h) on 02/07/2025
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Kentucky 2025 Regular Session
AN ACT relating to the Teachers' Retirement System and declaring an emergency. [HB-212]
[Education ]
[Pensions ]
[Retirement ]
Amend various sections of KRS Chapter 161 to remove provisions of HB 258 enacted during the 2021 Regular Session that created and adjusted benefits for individuals who become members of the Teachers' Retirement System on or after January 1, 2022; repeal KRS 161.633, 161.634, 161.635, and 161.636, relating to university and nonuniversity members; provide that these members shall be eligible for the benefits applicable to members who entered the system immediately prior to January 1, 2022; EMERGENCY.
Sponsored by: Rep. George Brown
To State Government (h) on 02/04/2025
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Kentucky 2025 Regular Session
AN ACT relating to income taxation of military pensions. [HB-192]
[Taxes ]
[Military ]
[Pensions ]
[Veterans ]
Amend KRS 141.019 to exclude all distributions from military pension plans received by retired members of the United States military and National Guard and their surviving spouse or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2026, but before January 1, 2030; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Sponsored by: Rep. Kim King
To Appropriations & Revenue (h) on 02/04/2025
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Kentucky 2025 Regular Session
AN ACT relating to eligibility for benefits in the systems administered by the Kentucky Public Pensions Authority. [HB-185]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
Amend KRS 61.595 to allow full-time employment for services to Kentucky River Community Care to be used for determining retirement eligibility in the Kentucky Employees Retirement System (KERS) but not the amount of benefits; amend KRS 61.552 to allow full-time employment for services to Kentucky River Community Care to be used towards meeting the 20 year service eligibility requirement for nonqualified service purchases made at less than 20 years of service.
Sponsored by: Rep. Chris Fugate
To State Government (h) on 02/04/2025
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Kentucky 2025 Regular Session
AN ACT relating to the taxation of retirement distributions. [HB-146]
[Taxes ]
[Retirement ]
Amend KRS 141.019 to increase the retirement distribution exclusion from $31,110 to $41,110 for taxable years beginning on or after January 1, 2026.
Sponsored by: Rep. George Brown
To Appropriations & Revenue (h) on 02/04/2025
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Kentucky 2025 Regular Session
AN ACT relating to designating a special needs trust to receive state-administered retirement benefits. [SB-58]
[Retirement ]
[Senior Citizens ]
[Disabilities ]
[Pensions ]
[Medicare and Medicaid ]
[Healthcare ]
[Human Services ]
Amend KRS 16.505, 61.510, and 78.510 to define "special needs trust" (SNT) for purposes of the State Police Retirement System, Kentucky Employees Retirement System, and County Employees Retirement System; amend the definition of "person" to include a SNT, and amend the definition of "beneficiary" to exclude sole beneficiary of a SNT; amend KRS 16.578 to allow a SNT to receive a lifetime retirement benefit; amend KRS 61.623 to allow a trustee to receive checks on behalf of a SNT; amend KRS 61.635 to allow a person who is the beneficiary of a SNT
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Sponsored by: Sen. Danny Carroll
Taken From Committee On Committees (h) on 03/27/2025
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Kentucky 2025 Regular Session
AN ACT relating to retirement benefits for state and county employees in hazardous positions. [HB-76]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
Create a new section of KRS 16.505 to 16.652 to change the retirement benefits for members participating in the State Police Retirement System (SPRS) or in a hazardous position in either the Kentucky Employees Retirement System (KERS) or County Employees Retirement System (CERS) who are hired after January 1, 2014, but before January 1, 2026, so that, in lieu of continued participation in the hybrid cash balance plan (Tier 3 benefits), these members receive the benefits provided to members in a hazardous position who began participating immediately
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Sponsored by: Rep. George Brown
To State Government (h) on 02/04/2025
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Kentucky 2025 Regular Session
AN ACT relating to the Kentucky Public Pensions Authority. [HB-71]
[Pensions ]
[Retirement ]
Amend KRS 61.505 to establish the Office of Financial Management within the Kentucky Public Pensions Authority; amend KRS 12.020 to conform; EFFECTIVE July 1, 2025.
Sponsored by: Rep. DJ Johnson
2nd Reading, To Rules on 03/13/2025
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Kentucky 2025 Regular Session
AN ACT relating to employers of the Teachers' Retirement System. [HB-73]
[Education ]
[Pensions ]
[Retirement ]
[Technology and Innovation ]
[Labor, Jobs, Employment ]
Amend KRS 161.220 to add WeLeadCS, a virtual computer science career academy for Kentucky high school students, to the list of participating employers of the Teachers' Retirement System (TRS).
Sponsored by: Rep. DJ Johnson
Signed By Governor (acts Ch. 64) on 03/24/2025
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Kentucky 2025 Regular Session
AN ACT relating to public employee benefits. [HB-30]
[Pensions ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
Amend KRS 61.598 to exempt from the pension spiking provisions any 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 that are provided to members of the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement System.
Sponsored by: Rep. John Blanton
Signed By Governor (acts Ch. 76) on 03/24/2025
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Kentucky 2024 Regular Session
A RESOLUTION confirming the reappointment of Caswell Prewitt Lane to the Board of Trustees of the Kentucky Retirement Systems. [SR-310]
[Retirement ]
[Pensions ]
Confirm the reappointment of Caswell Prewitt Lane to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2027.
Sponsored by: Sen. Julie Adams
Introduced In Senate on 04/15/2024
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Kentucky 2024 Regular Session
A RESOLUTION confirming the appointment of Louis R. Straub II to the Board of Trustees of the Teachers' Retirement System. [SR-324]
[Education ]
[Retirement ]
[Pensions ]
Confirm the appointment of Louis R. Straub II to the Board of Trustees of the Teachers' Retirement System for a term expiring July 11, 2027.
Sponsored by: Sen. Julie Adams
Introduced In Senate on 04/15/2024
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Kentucky 2024 Regular Session
A RESOLUTION confirming the appointment of Mary G. Eaves to the Board of Trustees of the Kentucky Retirement Systems. [SR-309]
[Retirement ]
[Pensions ]
Confirm the appointment of Mary G. Eaves to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 21, 2027.
Sponsored by: Sen. Julie Adams
Introduced In Senate on 04/15/2024
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Kentucky 2024 Regular Session
A RESOLUTION confirming the reappointment of Pamela Fettig Thompson to the Board of Trustees of the Kentucky Retirement Systems. [SR-313]
[Pensions ]
[Retirement ]
Confirm the reappointment of Pamela Fettig Thompson to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2027.
Sponsored by: Sen. Julie Adams
Introduced In Senate on 04/15/2024