AN ACT relating to pension spiking in the systems administered by the Kentucky Public Pensions Authority.

Amend KRS 61.598, relating to pension spiking and the definition of "bona fide promotion or career advancement," to retroactively exempt pension spiking adjustments that were due to 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 for members of the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement…

Police, State Actuarial Analysis Local Mandate Public Officers and Employees Retirement and Pensions Retroactive Legislation State Employees

Introduced: January 7, 2026

Last action: April 17, 2026

(Acts Ch. 189)

In effect since July 15, 2026

Acts from the 2026 Regular Session that don't carry an emergency clause or set their own effective date took effect 90 days after the session adjourned (Ky. Constitution § 55).

Read the full text Kentucky Legislature LegiScan

AI-generated — always verify with primary sources

Plain-language summary

Beta

This bill changes how Kentucky calculates public employee pensions by creating an exception to rules that limit "pension spiking," which is when a salary increase near retirement leads to a larger pension benefit. Specifically, it allows pay raises that were officially approved by a government body or required by a union contract to count fully toward pension calculations for certain public employees who retired on or after July 1, 2022. The Kentucky Public Pensions Authority…

Open official bill text (PDF)·Report a problem with the summary