HB 220: AN ACT relating to pension spiking in the systems administered by the Kentucky Public Pensions Authority.
HB 220 status: Enacted — signed by Governor (Acts Ch. 189) (updated Apr 17, 2026).
What this bill does
Overall score
Bill summary
OfficialAmend 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 bargai...
Key analysis
Impact analysis
Environment
Benefits
- No direct impact identified
Risks
- No direct impact identified
Economy
Benefits
- Restores retirement income for certain retirees
- Clarifies 'bona fide' promotion definitions
Risks
- Increases long-term fiscal liabilities for pension funds
- Potential actuarial strain on state retirement systems
Society
Benefits
- Addresses inequities for public employees and retirees
- Provides relief for past administrative interpretations
Risks
- Concerns regarding the legitimacy of 'pension spiking'
- May impact perception of fiscal accountability
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
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Abstract does not specify the exact total fiscal cost to the pension authority
Where it stands
Introduced
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