Bill
Bill > HB216
KY HB216
KY HB216AN ACT relating to a supplemental payment for recipients of a monthly retirement allowance from the systems administered by the Kentucky Retirement Systems, making an appropriation therefor, and declaring an emergency.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
04/15/2024
04/15/2024
Introduced Session
2024 Regular Session
Bill Summary
Appropriate $95 million from the budget reserve trust fund in fiscal year 2023-2024 to fund one-time supplemental payments on July 1, 2024, to recipients of a retirement allowance from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); specify that the one-time supplemental payment shall be equal to the monthly payment received by the recipient in the month of June 2024; APPROPRIATION; EMERGENCY.
AI Summary
This bill appropriates $95 million from the budget reserve trust fund in fiscal year 2023-2024 to provide a one-time supplemental payment on July 1, 2024, to recipients of a retirement allowance from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS). The supplemental payment will be equal to the monthly payment received by the recipient in June 2024. The bill declares an emergency due to the lack of cost-of-living adjustments to retirement allowances since fiscal year 2011-2012.
Sponsors (16)
Derrick Graham (D)*,
Chad Aull (D),
Tina Bojanowski (D),
George Brown (D),
Lindsey Burke (D),
Beverly Chester-Burton (D),
Al Gentry (D),
Daniel Grossberg (D),
Nima Kulkarni (D),
Ruth Ann Palumbo (D),
Josie Raymond (D),
Rachel Roarx (D),
Rachel Roberts (D),
Sarah Stalker (D),
Cherlynn Stevenson (D),
Lisa Willner (D),
Last Action
to Committee on Committees (H) (on 01/09/2024)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/24RS/hb216.html | 01/09/2024 |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb216/orig_bill.pdf | 01/09/2024 |
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