AN ACT relating to pension spiking in the systems administered by the Kentucky Public Pensions Authority.
signed by Governor (Acts Ch. 189)
Summary
The bill changes Kentucky pension law so that, for retirees after 2018, any year in the last five years where creditable compensation grew 10% or more over the prior year will have the excess excluded from the pension formula. Exceptions include genuine promotions, specific lump‑sum payments, approved overtime, and leave without pay. It also requires the Public Pensions Authority to review and adjust benefits for members who retired on or after July 1 2022.
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