SB 127
AN ACT relating to actuarial costs of annual leave payments in the Teachers' Retirement System.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
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.
Sponsors
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Primary sponsor
J. Higdon
Cosponsor
R. Mills
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