Summary of Original Version

Amend KRS 61.598, relating to pension spiking and the definition of "bona fide promotion or career advancement," to retroactively exempt pension spiking adjustments that were due to increases in rates of pay authorized or funded by the legislative or administrative body of an employer or mandated in a collective bargaining agreement approved by the legislative body of the employer for members of the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement System who retired on or after July 1, 2022; require the Kentucky Public Pension Authority to review and make necessary adjustments to benefits payable on or after July 1, 2022, to impacted members; RETROACTIVE.

Summary of Amendment: House Floor Amendment 1 -- J. Blanton

Summary Retain original provisions, except to make provisions retroactive to retirements ocurring on or after July 1, 2021; RETROACTIVE.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; amend KRS 16.198 to require the Department of Kentucky State Police to establish vacation, bereavement, and sick leave and holiday pay for Trooper R Class and Trooper CVE R Class employees at the same level as an officer with less than 5 years of service.

Summary of Amendment: Senate Committee Amendment 1 -- M. Nemes

Summary Make title amendment.

Statutes affected:
Introduced: 61.598
Senate Committee Substitute 1: 61.598, 16.198
Current: 61.598