HB446: AN ACT relating to a cost-of-living increase to the retirement benefits for retired state employees, making an appropriation therefor, and declaring an emergency.

Legislative Summary

Appropriate $162 million and $12 million in fiscal year 2022-2023 to fund a one-time one and one-half percent cost-of-living adjustment effective July 1, 2022, for Kentucky Employees Retirement System nonhazardous and hazardous duty retirees/beneficiaries, respectively; APPROPRIATION; EMERGENCY.