AN ACT relating to pension spiking in the systems administered by the Kentucky Public Pensions Authority.

Summary

The law changes how Kentucky public pensions count salary spikes, removing large pay increases that aren’t tied to a bona‑fide promotion from the retirement benefit formula. It applies to employees retiring from the state, county and police retirement systems after Jan 1 2018, with special rules for retirees from 2014‑2017. The aim is to curb “pension spiking” and protect the pension fund’s health.

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