AN ACT relating to a supplemental payment for retired state employees, making an appropriation therefor, and declaring an emergency.

Appropriate $95 million from the budget reserve trust fund in fiscal year 2024-2025 to the Kentucky Public Pension Authority to fund one-time supplemental payments on July 1, 2025, 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 2025; APPROPRIATION; EMERGENCY.

Introduced: February 5, 2025

Last action: February 7, 2025

To Appropriations & Revenue (H)

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This bill would set aside $95 million from Kentucky's budget reserve fund to give retired state employees and retired state troopers a one-time extra payment equal to one month's retirement benefit, paid on July 1, 2025. It draws from existing savings rather than new taxes. The emergency designation means it would take effect immediately if signed into law. Who it may affect: retired state government employees and retired Kentucky State Police officers who currently receive monthly pension payments.

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