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Tuesday, July 7, 2026

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KY · SB85FINAL · 2 COSPONSORS

AN ACT relating to designating a special needs trust to receive state-administered retirement benefits.

Also relevant to:Senior (65+, Medicare/SS)

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Plain-English Summary

Amend KRS 16.505, 61.510, and 78.510 to define "special needs trust" (SNT) for purposes of the State Police Retirement System, Kentucky Employees Retirement System, and County Employees Retirement System; amend the definition of "beneficiary" to include a SNT; amend KRS 16.578 to allow a SNT to receive a lifetime retirement payment if a member dies before retirement; amend KRS 61.635 to allow a person who is the beneficiary of a SNT to be designated as the beneficiary of a lifetime retirement be…

Source: OpenStates · fetched April 3, 2026

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