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Bill > HB902
KY HB902
KY HB902AN ACT relating to a supplemental payment for retired state employees, making an appropriation therefor, and declaring an emergency.
summary
Introduced
03/04/2026
03/04/2026
In Committee
03/11/2026
03/11/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Appropriate $43,827,000 from the budget reserve trust fund account in fiscal year 2026-2027 to the Kentucky Public Pensions Authority to fund one-time supplemental payments on July 1, 2026, to recipients of a retirement allowance who have been retired for at least 12 months 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 2026, not to exceed $1,000; APPROPRIATION; EMERGENCY.
AI Summary
This bill appropriates $43,827,000 from the budget reserve trust fund account to the Kentucky Public Pensions Authority to provide a one-time supplemental payment to retired state employees. This payment, to be issued on July 1, 2026, will be equal to the recipient's monthly retirement allowance from either the Kentucky Employees Retirement System (KERS) or the State Police Retirement System (SPRS) in June 2026, but will not exceed $1,000 per person. To qualify, recipients must have been retired for at least 12 months. The bill also declares an emergency, meaning it will take effect immediately upon becoming law, because these retired state employees have not received a cost-of-living adjustment to their retirement allowances since fiscal year 2011-2012.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
to Appropriations & Revenue (H) (on 03/11/2026)
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/26RS/hb902.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb902/orig_bill.pdf |
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