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Committee approves KPPA amendment to add ‘special needs trust’ option to beneficiary form
Summary
The interim joint Committee on State Government approved an agency amendment to 105 KAR 11:70 to add a "special needs trust" as a beneficiary option on form 2035, a change tied to passage of SB 85; the motion passed by voice vote.
The committee approved an agency amendment from the Kentucky Public Pension Authority to add "special needs trust" to the membership/beneficiary form (105 KAR 11:70, form 2035).
Carol Cottolfo, policy specialist for the Kentucky Public Pension Authority, told the committee the change follows passage of Senate Bill 85 earlier in the session and updates form language to allow members to designate a special needs trust as a beneficiary. "We filed this regulation…to add special needs trust to form 2035," Cottolfo said, explaining the agency amendment is a procedural step under KRS Chapter 13A to implement the statutory change.
Representative Gentry moved approval and Representative Bevins seconded; the chair called for the ayes and the amendment was approved by voice vote. Committee members asked no substantive questions during the presentation.
What’s next: the committee approved the agency amendment; the KPPA indicated it filed the regulation with ARRS earlier and made language updates and cleanup to reflect the statute. The hearing did not set an effective date beyond the agency's filings; the body did not take other pension actions during the session.
