AN ACT relating to retirement benefits for state and county employees in hazardous positions.

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, 2026, so that, in lieu of continued participation in the hybrid cash balance plan (Tier 3 benefits), these members receive the…

Introduced: February 19, 2025

Last action: February 27, 2025

To State Government (H)

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This bill would move most state and county employees in hazardous positions — such as state police, firefighters, and other dangerous-duty workers — who were hired between January 1, 2014, and January 1, 2026, from their current hybrid cash balance retirement plan (Tier 3) into an older, more traditional defined-benefit retirement plan (Tier 2). Employees affected by the switch would have a one-time, 30-day window to opt out and remain in the Tier 3 plan…

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