HB406
Log in to followAN ACT relating to a supplemental payment for recipients of a monthly retirement allowance from the systems administered by the Kentucky Public Pensions Authority, making an appropriation therefor, and declaring an emergency.
Appropriate $96 million from the Kentucky Permanent Pension Fund in fiscal year 2026-2027 to the Kentucky Public Pensions Authority to fund 1-time supplemental payments on July 1, 2026, to recipients of a retirement allowance who have been retired for at least 12 months from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); allow the Board of Trustees of the County Employees Retirement System to, by board decision, provide a one-time…
Introduced: January 15, 2026
Last action: January 23, 2026
Plain-language summary
This bill would set aside $96 million to provide a one-time extra payment to certain retired public employees in Kentucky, equal to one month of their regular retirement benefit. Retirees from the Kentucky Employees Retirement System and the State Police Retirement System who have been retired for at least a year would receive this payment on July 1, 2026. The bill also gives the County Employees Retirement System the option to offer a similar one-time…
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