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KPPA reports modest gains; House Bill 30 and Senate Bill 10 change pension‑spiking and CERS retiree health subsidies
Summary
KPPA staff reported positive short‑term investment results and outlined two enacted bills: House Bill 30 (pension‑spiking definition) and Senate Bill 10 (increasing health insurance dollar subsidies for CERS career retirees and adjusting HIC contributions).
Ryan Barrow, of the Kentucky Public Pensions Authority (KPPA), and Erin Serrato, KPPA’s executive director of the Office of Benefits, gave the Public Pension Oversight Board a quarterly investment and legislative update, saying the funds produced modest positive returns but remained below some long‑term benchmarks in parts of the portfolio.
Why it matters: the two enacted bills discussed change how certain pay increases count toward retirement calculations and increase dollar health subsidies for members of the County Employees’ Retirement System (CERS). The provisions will affect eligibility thresholds, benefit dollar amounts and some employee contribution rules beginning in 2026.
House Bill 30: Serrato summarized the pension‑spiking change. The bill, enacted after a Court of Appeals…
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