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.

Summary

The bill sets aside $256 million to raise monthly retirement benefits by two percent for Kentucky employees and state police retirees, starting July 1, 2026. It targets retirees from non‑hazardous jobs, hazardous jobs, and the state police. An emergency is declared because retirees have not received a cost‑of‑living adjustment since fiscal year 2011‑12.

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