Retirement And Pensions
Kentucky 2024 Regular Session
AN ACT relating to government agencies, making an appropriation therefor, and declaring an emergency. [HB-1]
[Budget and Spending ]
[Funding ]
[Law Enforcement ]
[Criminal Justice ]
[Crime ]
Appropriates General Fund moneys from the Budget Reserve Trust Fund Account in fiscal years 2023-2024, 2024-2025, and 2025-2026 to various state agencies for miscellaneous projects and programs, and appropriates Restricted Funds from the Kentucky Law Enforcement Foundation Program Fund to Criminal Justice Training and State Police for various projects and purchases; APPROPRIATION; EMERGENCY.
Sponsored by: Rep. Michael Meredith
Delivered To Secretary Of State (acts Ch. 173) on 04/12/2024
Spread the world
Gettr Kentucky 2024 Regular Session
AN ACT relating to the public defender system and declaring an emergency. [HB-277]
[Criminal Justice ]
[Law Enforcement ]
[Public Safety ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
Amends KRS 15A.020 to add new divisions to the organization of the Department of Public Advocacy (DPA); amends KRS 18A.115 to transfer the employees of the Louisville and Jefferson County Public Defender Corporation (Louisville Metro Public Defender) to the state personnel system; creates a new section of KRS Chapter 31 to transfer employees of Louisville Metro Public Defender to DPA on July 1, 2024, to provide employment and retirement benefits to the transferred employees based on their employment date with the Louisville Metro Public Defender,
(continued...)
Sponsored by: Rep. Jason Nemes
Signed By Governor (acts Ch. 143) on 04/09/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to appropriations measures providing funding and establishing conditions for the operations, maintenance, support, and functioning of the government of the Commonwealth of Kentucky and its various officers, cabinets, departments, boards, commissions, institutions, subdivisions, agencies, and other state-supported activities. [HB-6]
[Budget and Spending ]
[Funding ]
[Taxes ]
The State/Executive Branch Budget: Details Part I, Operating Budget; details Part II, Capital Projects Budget; details Part III, General Provisions; details Part IV, State Salary/Compensation, Benefit, and Employment Policy; details Part V, Funds Transfer; details Part VI, General Fund Budget Reduction Plan; details Part VII, General Fund Surplus Expenditure Plan; details Part VIII, Road Fund Budget Reduction Plan; details Part IX, Road Fund Surplus Expenditure Plan; details Part X, Phase I Tobacco Settlement; and details Part XI, Executive Branch
(continued...)
Sponsored by: Rep. Danny Bentley
Delivered To Secretary Of State (acts Ch. 175) on 04/12/2024
Spread the world
Kentucky 2024 Regular Session
A RESOLUTION urging the United States Congress to amend Title II of the Social Security Act to repeal the government pension offset and the windfall elimination provision. [HR-37]
[Social Security ]
[Pensions ]
[Retirement ]
Urge the United States Congress to amend Title II of the Social Security Act to repeal the government pension offset and the windfall elimination provision.
Sponsored by: Rep. Mark Hart
Taken From Rules on 02/15/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to a supplemental payment for recipients of a monthly retirement allowance from the systems administered by the Kentucky Retirement Systems, making an appropriation therefor, and declaring an emergency. [HB-216]
[Budget and Spending ]
[Retirement ]
[Pensions ]
[Funding ]
[Grants ]
Appropriate $95 million from the budget reserve trust fund in fiscal year 2023-2024 to fund one-time supplemental payments on July 1, 2024, 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 2024; APPROPRIATION; EMERGENCY.
Sponsored by: Rep. Derrick Graham
Introduced In House on 01/09/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to death in the line of duty benefits. [HB-164]
[Pensions ]
[Labor, Jobs, Employment ]
[Public Safety ]
[Law Enforcement ]
[Retirement ]
Amend KRS 16.601, 61.621, and 78.5534 to increase minimum line of duty death benefits to a non-spouse beneficiary of a Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement System member who was working in an approved hazardous duty position or in a position that could be approved as hazardous duty for retirement purposes; specify the minimum payment to the non-spouse beneficiary shall only be payable if there is no surviving spouse beneficiary and shall be a minimum of a lump-sum payment equal to 36
(continued...)
Sponsored by: Rep. David Osborne
To State & Local Government (s) on 02/26/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to retirement benefits for state and county employees in hazardous positions. [HB-143]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
[Law Enforcement ]
[Budget and Spending ]
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, 2025, 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
(continued...)
Sponsored by: Rep. George Brown
Introduced In House on 01/04/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to income taxation of military pensions. [HB-123]
[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 their surviving spouses or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2025, but before January 1, 2029; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Sponsored by: Rep. DJ Johnson
To Appropriations & Revenue (h) on 02/07/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to service credit for the Teachers' Retirement System and declaring an emergency. [HB-138]
[Education ]
[Religion ]
[Retirement ]
Amend KRS 161.500 to allow members of the Teachers' Retirement System to recover up to 10 unpaid days that were missed to observe religious holidays; include the recovered days in count of days worked for service credit; EMERGENCY.
Sponsored by: Rep. Kim King
Taken From The Orders Of The Day on 03/27/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to the taxation of retirement distributions. [HB-134]
[Retirement ]
[Taxes ]
[Senior Citizens ]
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, 2025.
Sponsored by: Rep. George Brown
Introduced In House on 01/03/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to leased office space for the Kentucky Public Pensions Authority and declaring an emergency. [SB-57]
[Pensions ]
[Finance ]
[Budget and Spending ]
[Real Estate ]
Permit the Kentucky Public Pensions Authority to lease office space in Louisville Metro for its Office of Investments for up to five years with the option to renew up to maximum term of 20 years without being subject to the requirements of the Finance and Administration Cabinet; EMERGENCY.
Sponsored by: Sen. Jimmy Higdon
Withdrawn on 01/25/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to the Kentucky Public Pensions Authority. [HB-99]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
Amends sections of KRS Chapters 16, 61, and 78 to make technical and housekeeping changes relating to the Kentucky Public Pensions Authority’s (KPPA’s) administration of the systems governed by the Kentucky Retirement Systems and the County Employees Retirement System boards of trustees, including: amends KRS 16.505, 61.510, and 78.510 to make changes and additions to definitions; repeals, reenacts, and amends KRS 16.652, 61.546, and 61.692 in response to a Kentucky Supreme Court decision and makes technical changes; amends KRS 61.505 to rename
(continued...)
Sponsored by: Rep. DJ Johnson
Signed By Governor (acts Ch. 55) on 04/04/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to appropriations measures providing funding and establishing conditions for the operations, maintenance, support, and functioning of the government of the Commonwealth of Kentucky and its various officers, cabinets, departments, boards, commissions, institutions, subdivisions, agencies, and other state-supported activities. [HB-114]
[Budget and Spending ]
[Funding ]
[Taxes ]
The Governor's recommended State/Executive Branch Budget: Detail Part I, Operating Budget; detail Part II, Capital Projects Budget; detail Part III, General Provisions; detail Part IV, State Salary/Compensation, Benefit, and Employment Policy; detail Part V, Funds Transfer; detail Part VI, General Fund Budget Reduction Plan; detail Part VII, General Fund Surplus Expenditure Plan; detail Part VIII, Road Fund Budget Reduction Plan; detail Part IX, Road Fund Surplus Expenditure Plan; detail Part X, Phase I Tobacco Settlement; and detail Part XI, Executive
(continued...)
Sponsored by: Rep. Derrick Graham
Introduced In House on 01/03/2024
Spread the world
Kentucky 2024 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-20]
[Budget and Spending ]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
[Funding ]
Appropriate $227 million, $17 million, and $17 million in fiscal year 2024-2025 to the Kentucky Public Pensions Authority to fund a one-time two percent cost-of-living adjustment effective July 1, 2024, for Kentucky Employees Retirement System nonhazardous and hazardous duty recipients, and for State Police Retirement System recipients, respectively; APPROPRIATION; EMERGENCY.
Sponsored by: Rep. George Brown
Introduced In House on 01/02/2024
Spread the world
Kentucky 2024 Regular Session
AN ACT relating to the protection of veterans' benefits. [HB-39]
[Veterans ]
[Consumer Protection ]
Create a new section of KRS Chapter 40 to prevent the compensation for advising or assisting with veterans' benefits.
Sponsored by: Rep. Richard Heath
2nd Reading, To Rules on 03/15/2024
Spread the world
Kentucky 2023 Regular Session
A RESOLUTION confirming the reappointment of William E. Summers V to the Board of Trustees of the Kentucky Retirement Systems. [SR-251]
[Retirement ]
[Pensions ]
Confirm the reappointment of William E. Summers V to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2026.
Sponsored by: Sen. Julie Adams
Posted For Passage In The Consent Orders Of The Day For Thursday, March 30, 2023 on 03/30/2023
Spread the world
Kentucky 2023 Regular Session
A RESOLUTION confirming the appointment of Ramsey Bova to the Board of Trustees of the Kentucky Retirement Systems. [SR-226]
[Retirement ]
[Pensions ]
Confirm the appointment of Ramsey Bova to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2026.
Sponsored by: Sen. Jimmy Higdon
Posted For Passage In The Consent Orders Of The Day For Thursday, March 30, 2023 on 03/30/2023
Spread the world
Kentucky 2023 Regular Session
A RESOLUTION confirming the reappointment of E. Lynn Hampton to the Board of Trustees of the Kentucky Retirement Systems. [SR-152]
[Retirement ]
[Pensions ]
Confirm the reappointment of E. Lynn Hampton to the Board of Trustees of the Kentucky Retirement Systems for a term expiring June 17, 2026.
Sponsored by: Sen. Julie Adams
Posted For Passage In The Consent Orders Of The Day For Thursday, March 30, 2023 on 03/30/2023
Spread the world
Kentucky 2023 Regular Session
AN ACT relating to internal audit functions at public pension funds. [HB-587]
[Pensions ]
[Labor, Jobs, Employment ]
[Retirement ]
Amend KRS 61.505 to require the Kentucky Public Pensions Authority to appoint or contract for the services of an Internal Auditor to perform internal audit functions as directed by the Authority; provide that the Internal Auditor shall not be subject to the hiring/employment provisions of KRS Chapter 18A, Chapter 45A, and 64.640, shall be authorized by the Authority to appoint employees under his or her direct supervision, and shall have an annual performance review.
Sponsored by: Rep. Steven Rudy
Signed By Governor (acts Ch. 28) on 03/20/2023
Spread the world
Kentucky 2023 Regular Session
AN ACT relating to post-retirement options for state and local employees. [HB-506]
[Labor, Jobs, Employment ]
[Retirement ]
[Pensions ]
Amend KRS 61.635 to establish a partial lump sum option (PLSO), with and without survivor rights, as a payment option for retiring members of the Kentucky Employees Retirement System (KERS), County Employees Retirement System (CERS), or State Police Retirement System (SPRS); provide that the PLSO shall include a lump-sum payment of 12, 24, 36, 48, or 60 months of payments and a lifetime benefit that is actuarially reduced to reflect the lump-sum payment; require the systems to develop information to assist the member in evaluating the PLSO as a
(continued...)
Sponsored by: Rep. DJ Johnson
Signed By Governor (acts Ch. 71) on 03/23/2023