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HB 406

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.

2026 Regular Session Introduced by Ryan Bivens and 48 co-sponsors

Kentucky bill authorizes supplemental payments to state pension system retirees with emergency passage, funding source unspecified.

to Appropriations & Revenue (H)
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Bill Summary · HB 406

Legislative bill overview

HB 406 proposes a supplemental one-time payment to Kentucky retirees receiving monthly benefits from state pension systems managed by the Kentucky Public Pensions Authority. The bill includes an emergency declaration and appropriation language, suggesting it aims for expedited passage and immediate fiscal impact.

Why is this important

Kentucky's public pension systems have faced significant funding challenges, making supplemental payments a contentious budget issue. This bill directly affects thousands of state retirees' income and has substantial state budget implications during a time when pension liabilities remain a major fiscal concern for Kentucky.

Potential points of contention

  • Funding source unclear: The bill doesn't specify how the supplemental payment will be funded, raising questions about whether it draws from general revenue, increases debt, or affects other programs
  • Equity across systems: Kentucky administers multiple pension systems with different funding levels; unclear if all retirees receive equal supplements or if amounts vary by system
  • Fiscal sustainability: Concerns about whether one-time supplements set expectations for ongoing payments, potentially worsening long-term pension funding challenges
  • Emergency declaration justification: The emergency clause expedites passage but may bypass normal deliberative budget review processes

Compiled from official sources — confirm details with the bill’s official record.

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