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KentuckyHB 6942025 Regular SessionHouseWALLET

AN ACT relating to Teachers' Retirement System benefit funding.

Sponsored By: Jason Petrie (Republican)

Became Law

Retirement and PensionsState AgenciesTeachersBudget and Financial AdministrationActuarial AnalysisFiscal Note

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New funding safeguards for Kentucky teachers

When Kentucky’s teacher retiree health fund reaches 100% funding, specified employer health contributions shift to cover unfunded pension costs. If health funding later falls below 95%, those payments return until it reaches 100%; both shifts start the next fiscal year after the annual review. When both pension and health funds are fully funded, the retirement board must recommend lowering, pausing, or ending certain contributions, including member health payments. Recommendations must pass an actuarial review, and cuts to two specified medical-fund contributions cannot exceed 2.025% and 1.25% of yearly pay, respectively. Contribution rates do not change unless the General Assembly acts.

Sponsors & Cosponsors

Sponsor

  • Jason Petrie

    Republican • House

Cosponsors

  • Adam Bowling

    Republican • House

  • Josh Bray

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 268 • No: 82

Senate vote • 3/27/2025

passed

Yes: 29 • No: 8

House vote • 3/27/2025

passed

Yes: 67 • No: 27

Senate vote • 3/13/2025

passed

Yes: 67 • No: 20

Senate vote • 3/12/2025

passed

Yes: 28 • No: 9

House vote • 2/26/2025

3rd reading, passed

Yes: 77 • No: 18

Actions Timeline

  1. delivered to Secretary of State (Acts Ch. 126)

    3/28/2025

  2. enrolled, signed by President of the Senate

    3/28/2025House

  3. enrolled, signed by Speaker of the House

    3/28/2025House

  4. received in House

    3/28/2025House

  5. passed 29-8

    3/27/2025Senate

  6. veto overridden

    3/27/2025Senate

  7. posted for passage for consideration of Governor's veto

    3/27/2025

  8. to Rules (S)

    3/27/2025Senate

  9. received in Senate

    3/27/2025Senate

  10. passed 67-27

    3/27/2025House

  11. veto overridden

    3/27/2025House

  12. posted for consideration of Governor's veto

    3/27/2025

  13. taken from Rules

    3/27/2025House

  14. to Rules (H)

    3/27/2025House

  15. received in House

    3/27/2025House

  16. Vetoed

    3/25/2025

  17. delivered to Governor

    3/13/2025

  18. enrolled, signed by President of the Senate

    3/13/2025Senate

  19. enrolled, signed by Speaker of the House

    3/13/2025Senate

  20. passed 67-20

    3/13/2025Senate

  21. House concurred in Senate Floor Amendment (1)

    3/13/2025Senate

  22. posted for passage for concurrence in Senate Floor Amendment (1)

    3/13/2025Senate

  23. taken from Rules (H)

    3/13/2025House

  24. to Rules (H)

    3/12/2025House

  25. received in House

    3/12/2025House

Bill Text

  • Current

    3/27/2025

    PDF

  • Introduced

    2/26/2025

    PDF

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