AN ACT relating to a supplemental payment for recipients of a monthly retirement allowance from the systems administered by the Kentucky Public Pensions Authority, making an appropriation therefor, and declaring an emergency.

Summary

The bill gives retirees of the Kentucky Employees Retirement System, State Police Retirement System, and optionally the County Employees Retirement System a one‑time payment equal to their June 2026 monthly benefit, added to their July 2026 check. It funds the payments with $96 million from the state’s permanent pension fund and declares an emergency so the aid takes effect immediately. The measure aims to address the lack of cost‑of‑living adjustments since 2011‑12.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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