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Bill > HB20
KY HB20
KY HB20AN ACT relating to a cost-of-living increase to the retirement benefits for retired state employees, making an appropriation therefor, and declaring an emergency.
summary
Introduced
01/02/2024
01/02/2024
In Committee
01/02/2024
01/02/2024
Crossed Over
Passed
Dead
04/15/2024
04/15/2024
Introduced Session
2024 Regular Session
Bill Summary
Appropriate $227 million, $17 million, and $17 million in fiscal year 2024-2025 to the Kentucky Public Pensions Authority to fund a one-time two percent cost-of-living adjustment effective July 1, 2024, for Kentucky Employees Retirement System nonhazardous and hazardous duty recipients, and for State Police Retirement System recipients, respectively; APPROPRIATION; EMERGENCY.
AI Summary
This bill appropriates $227 million, $17 million, and $17 million in fiscal year 2024-2025 to the Kentucky Public Pensions Authority to fund a one-time two percent cost-of-living adjustment effective July 1, 2024, for Kentucky Employees Retirement System (KERS) nonhazardous and hazardous duty recipients, and for State Police Retirement System (SPRS) recipients, respectively. The bill states that retired members and beneficiaries of KERS and SPRS have not received a cost-of-living adjustment since fiscal year 2011-2012, and declares an emergency to allow the bill to take effect immediately upon passage.
Sponsors (15)
Ruth Ann Palumbo (D)*,
Chad Aull (D),
Tina Bojanowski (D),
George Brown (D),
Lindsey Burke (D),
Emily Callaway (R),
Adrielle Camuel (D),
Beverly Chester-Burton (D),
Al Gentry (D),
Nima Kulkarni (D),
William Lawrence (R),
Josie Raymond (D),
Rachel Roarx (D),
Sarah Stalker (D),
Cherlynn Stevenson (D),
Last Action
to Committee on Committees (H) (on 01/02/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/24RS/hb20.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb20/orig_bill.pdf |
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