HB337: AN ACT relating to a supplemental payment for retired state employees, making an appropriation therefor, and declaring an emergency.
Legislative Summary
Appropriate $95 million from the budget reserve trust fund in fiscal year 2024-2025 to the Kentucky Public Pension Authority to fund one-time supplemental payments on July 1, 2025, 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 2025; APPROPRIATION; EMERGENCY.
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Bill History
Status Information
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