HB37
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Create a new section of KRS 16.505 to 16.652 to change the retirement benefits for members participating in the State Police Retirement System (SPRS) or in a hazardous position in either the Kentucky Employees Retirement System (KERS) or County Employees Retirement System (CERS) who are hired after January 1, 2014, but before January 1, 2027, so that, in lieu of continued participation in the hybrid cash balance plan (Tier 3 benefits), these members receive the…
Introduced: January 7, 2026
Last action: March 4, 2026
Plain-language summary
This bill would change the retirement plan type for certain state and county employees who work in hazardous positions, such as state police and other qualifying public safety roles. Specifically, workers hired between January 1, 2014, and January 1, 2027, would be moved from a newer hybrid cash balance retirement plan to an older, generally more defined retirement benefit structure. Employees affected would have a 30-day window to opt out and remain in the current plan if they prefer. Who it may affect: state police officers, and state and county government employees in hazardous positions hired between 2014 and 2027.
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