Kentucky legislation · 2026 Regular Session
Kentucky SB127: AN ACT relating to actuarial costs of annual leave payments in the Teachers' Retirement System.
Status: In committee, April 15, 2026
Amend KRS 161.540 to specify payment obligations for the inclusion of annual leave payments in a retiring member's pension benefits from the Teachers' Retirement System (TRS) by requiring the state to pay the actuarial costs for annual leave accrued through July 31, 2026, and the last employer pay the actuarial costs for annual leave accrued on or after August 1, 2026.
What the bill says
An act relating to actuarial costs of annual leave payments in the Teachers' Retirement System.
From the committee substitute text:
AN ACT relating to actuarial costs of annual leave payments in the Teachers' Retirement System. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 161.540 is amended to read as follows: (1) (a) Each individual who becomes a contributing nonuniversity member prior to January 1, 2022, shall contribute to the retirement system twelve and eight hundred fifty-five thousandths percent (12.855%) of annual compensation, of which: 1. Nine and one hundred five thousandths percent (9.105%) of annual compensation shall be used to fund pension benefits; and 2. Three and three-quarters percent (3.75%) of annual compensation shall be used to fund retiree health benefits. (b) Each individual who becomes a contributing university member prior to January 1, 2022, shall contribute to the retirement system ten and four-tenths percent (10.4%) of annual compensation, of which: 1. Seven and six hundred twenty-five thousandths percent (7.625%) of annual compensation shall be used to fund pension benefits; and 2. Two and seven hundred seventy-five thousandths percent (2.775%) of annual compensation shall be used to fund retiree health benefits. (c) Each individual who becomes a contributing nonuniversity member on or after January 1, 2022, shall contribute to the retirement system fourteen and three-quarters percent (14.75%) of annual compensation, of which: 1. Nine percent (9%) of annual compensation shall be used to …
Sponsors
- Jimmy Higdon (R, SD-014) · primary sponsor
- Robert Mills (R, SD-004)
Latest actions
- : recommitted to Appropriations & Revenue (H)
- : taken from the Orders of the Day
- : floor amendments (1) and (2-title) filed
- : posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026
- : 2nd reading, to Rules
- : reported favorably, 1st reading, to Calendar
- : to State Government (H)
- : to Committee on Committees (H)
- : received in House
- : 3rd reading, passed 29-8 with Committee Substitute (1)
Votes
- Senate: PASS SB 127 w/ SCS 1 (SCS 1) RSN# 3845 (February 20, 2026): 29 yea, 8 nay, passed
Subjects: Teachers, Education, Higher, Education, Elementary And Secondary, Universities And Colleges, Retirement And Pensions, Actuarial Analysis
Common questions
- What is SB127?
- SB127 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to actuarial costs of annual leave payments in the Teachers' Retirement System.
- What does SB127 do?
- In its own words: An act relating to actuarial costs of annual leave payments in the Teachers' Retirement System.
- What is the status of SB127?
- In committee as of April 15, 2026. Latest action: recommitted to Appropriations & Revenue (H) (April 15, 2026).
- Who sponsored SB127?
- Jimmy Higdon (R, SD-014), with 1 co-sponsor.
- Where is the official record for SB127?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/sb127.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.