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Pension Reform

As the pension reform conversation continues, there is an abundance of information published online and in the news. Please keep in mind that any information from our office will be published on our website. The Governor has stated that he will call a special session this year to address pension reform. It's important to know that retirement benefits administered by KRS are based on state and federal law. This means the Kentucky General Assembly has to introduce and pass legislation, to then be approved by the Governor, before any changes to benefits can occur. We will keep you informed as more information becomes available.

​Contribution rates for 2017-2018 are effective July 1, 2017

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New Pension Spiking Contacts


Blaine Walker


School Board Team

Crystal Hughes


File/Web Team

Suzanne Elphingstone


Pension Spiking Update

KRS benefits staff presented information on Senate Bill 104 at the Kentucky Association of School Human Resource Managers Annual Conference on September 13th. 

Senate Bill (SB) 104 impacts employer reporting and has two major parts:

  1. Members can opt out of Tier 1 or 2 into Tier 3 if KRS receives a favorable Private Letter Ruling from the IRS.  This ruling is expected to take 12-24 months.
  2. Shifts liability of pension spiking from employers to retirees.

Programming changes are in progress to support SB 104.  Read our pension spiking FAQ's.  We'll keep you posted as more information becomes available.

2016 GASB 67 and 68 Tables

View Tables

If you have any questions, please contact Connie Davis, Director of Accounting. 

Phone 502-696-8459​​

File Layout Changes Postponed

In light of the potential for pension reform, we will not be implementing file layout changes until we can determine if there will be future changes to the reporting process.

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