HB348: AN ACT relating to a cost-of-living increase to the retirement benefits for Kentucky State Police troopers, making an appropriation therefor, and declaring an emergency.

Legislative Summary

Appropriate $12 million in fiscal year 2022-2023 to the Kentucky Public Pensions Authority to be applied to the State Police Retirement Fund to prefund in fiscal year 2022-2023 and effective July 1, 2022, a 1.5 percent increase in the monthly retirement allowances paid from the State Police Retirement System to each recipient; APPROPRIATION; EMERGENCY.