Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · February 7, 2025

To Appropriations & Revenue (H)

Introduced February 5, 2025

House

Adjourned Sine Die

2025 Regular Session

HB336

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.

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.

Actuarial Analysis Effective Dates, Emergency Police, State Retirement and Pensions State Employees Appropriations Budget and Financial Administration State Agencies

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This bill would set aside roughly $257 million in state funds to give retired state employees and state police a one-time 2 percent increase in their monthly pension payments, starting July 1, 2025. The increase is meant to help retirees keep up with rising costs of living. Because it involves an emergency declaration, it would take effect immediately if signed into law. Who it may affect: retired state government employees and retired Kentucky State Police officers who receive pension benefits through the Kentucky Public Pensions Authority.

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