AN ACT relating to actuarial costs of annual leave payments in the Teachers' Retirement System.

Summary

SB 127 updates the share of salary Kentucky teachers must contribute to their pension and health benefits, with different rates for hires before and after 2022. It also requires the state to cover the extra retirement cost of vacation time earned up to July 31 2026, after which the employer must pay that cost. The changes affect all public‑school teachers and the agencies that employ them.

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