Loading chat...
KY HB445
Bill
Status
1/21/2026
Primary Sponsor
Erika Hancock
Click for details
AI Summary
-
Provides a 2% cost-of-living increase to monthly retirement allowances for Kentucky Employees Retirement System and State Police Retirement System recipients, effective July 1, 2026
-
Appropriates $221.4 million for nonhazardous position retirees and $18.7 million for hazardous position retirees from the Kentucky Employees Retirement System
-
Appropriates $16 million for State Police Retirement System recipients, bringing total appropriation to $256.1 million from the Budget Reserve Trust Fund
-
Retirees in these systems have not received a cost-of-living adjustment since fiscal year 2011-2012
-
Declared an emergency measure, taking effect immediately upon passage and approval by the Governor
Legislative Description
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.
Effective Dates, Emergency
Last Action
to State Government (H)
1/29/2026