2026 Regular Session

HB406

AN 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.

Introduced1/15/26

Kentucky HB406 proposes a one-time supplemental payment for retirees from the Kentucky Employees Retirement System, County Employees Retirement.

Kentucky HB406 allows the Board of Trustees of the County Employees Retirement System to provide a one-time supplemental payment to retirees who have been retired for at least six months. This payment, added to their July 2026 retirement allowance, equals their June 2026 monthly retirement allowance. The board may fund this payment by increasing employer contribution rates to the County Employees Retirement System, effective July 1, 2027, for one or two years. The bill also allocates $96 million from the Kentucky Permanent Pension Fund to prefund the supplemental payment.

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Where it stands

Current: Appropriations and Revenue Committee
Next: Session adjourned — paused until it reconvenes

HB406

Where it stands

Sponsors

HB406

Where it stands

Sponsors

History