AN ACT relating to the Teachers' Retirement System and declaring an emergency.

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.

Introduced: January 10, 2025

Last action: February 4, 2025

To State Government (H)

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This bill would undo changes made to the Kentucky Teachers' Retirement System in 2021 that created different benefit rules for teachers and university employees who joined the system on or after January 1, 2022. If passed, those newer members would instead receive the same retirement benefits as teachers who joined just before that date. The emergency designation means it would take effect immediately upon becoming law. Who it may affect: teachers and university employees who joined the Kentucky Teachers' Retirement System on or after January 1, 2022.

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