Kentucky HB445 proposes a cost-of-living increase for retired state employees' retirement benefits.
Kentucky HB445 allocates funds for a two percent increase in monthly retirement allowances for retired state employees and state police, effective July 1, 2026. This bill appropriates $221,400,000 for the Kentucky Employees Retirement System and $16,000,000 for the State Police Retirement System. It also provides $18,700,000 for the Kentucky Employees Retirement Fund to address the lack of cost-of-living adjustments since fiscal year 2011-2012. The bill declares an emergency and takes effect upon passage and approval by the Governor.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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