Kentucky legislation · 2026 Regular Session
Kentucky HB406: 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.
Status: In committee, January 23, 2026
Appropriate $96 million from the Kentucky Permanent Pension Fund in fiscal year 2026-2027 to the Kentucky Public Pensions Authority to fund 1-time supplemental payments on July 1, 2026, to recipients of a retirement allowance who have been retired for at least 12 months from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); allow the Board of Trustees of the County Employees Retirement System to, by board decision, provide a one-time supplemental payment to recipients of a retirement allowance who have been retired at least 12 months by increasing employer contribution rates over a one-year or two-year period; specify that the 1-time supplemental payment shall be equal to the monthly payment received by the recipient in the month of June 2026; APPROPRIATION; EMERGENCY.
What the bill says
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.
From the introduced text:
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. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. Notwithstanding any provisions of KRS 42.205 and 61.691 to the contrary and subject to the limitations established by this section, recipients of a monthly retirement allowance from the Kentucky Employees Retirement System or State Police Retirement System who have been retired for at least 12 months shall receive a one-time supplemental payment added to their July 2026 retirement allowance payment, equal to the monthly retirement allowance the recipient receives from the system in the month of June 2026. Section 2. There is hereby appropriated General Fund moneys in the amount of $96,000,000 in fiscal year 2026-2027 from the Kentucky Permanent Pension Fund established by KRS 42.205 to the Kentucky Public Pensions Authority to be applied to the following funds to prefund the supplemental payment provided by Section 1 of this Act: (1) $84,000,000 to the Kentucky Employees Retirement Fund of the Kentucky Employees Retirement System established by KRS 61.515 to prefund the supplemental payment from the Kentucky Employees Retirement System to each recipient for service in a nonhazardous position as defined in KRS 61.510(44); …
Sponsors
- James Tipton (R, HD-053) · primary sponsor
- John Blanton (R, HD-092)
- Ryan Bivens (R, HD-024)
- Emily Callaway (R, HD-037)
- Josh Calloway (R, HD-010)
- Mike Clines (R, HD-068)
- Jennifer Decker (R, HD-058)
- Anne Donworth (D, HD-076)
- Robert Duvall (R, HD-017)
- Daniel Fister (R, HD-056)
- Patrick Flannery (R, HD-096)
- Chris Freeland (R, HD-006)
Latest actions
- : to Appropriations & Revenue (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: State Agencies, Special Districts, Police, State, Education, Elementary And Secondary, Effective Dates, Emergency, Special Purpose Governmental Entities, Appropriations, Retirement And Pensions
Common questions
- What is HB406?
- HB406 is a bill in the Kentucky Legislature (2026 Regular Session): 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.
- What does HB406 do?
- In its own words: 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.
- What is the status of HB406?
- In committee as of January 23, 2026. Latest action: to Appropriations & Revenue (H) (January 23, 2026).
- Who sponsored HB406?
- James Tipton (R, HD-053), with 11 co-sponsors.
- Where is the official record for HB406?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb406.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.