republic-os/legislation/us/states/ky/2025rs/hb-694.md

---
type: "Bill"
title: "AN ACT relating to Teachers' Retirement System benefit funding."
description: "Create a new section of KRS 161.220 to 161.716, relating to the Teachers' Retirement System (TRS), to require that once the TRS retiree health fund has an actuarial funding level of at least 100%, then the employer funding for retiree health shall be used to pay down the unfunded liability of the TRS pension fund; require that if the actuarial funding level of the TRS retiree health fund falls below 95%, then the employer funding shall be restored to the retiree health fund until the retiree health fund is 100% funded; amend KRS 161.540, 161.550, and 161.675 to provide that the TRS board of trustees shall not recommend changes to the General Assembly to reduce employee or employer funding for retiree health or reduce board adopted charges under the shared responsibility provisions for health benefits for retirees under the age of 65 until the pension and retiree health funds are each 100% funded; amend KRS 161.420 to conform."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2025RS"
identifier: "HB 694"
citation: "Kentucky HB 694 (2025RS)"
classification: ["bill"]
subjects: ["Actuarial Analysis", "Budget and Financial Administration", "Fiscal Note", "Retirement and Pensions", "State Agencies", "Teachers"]
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 46
vote_count: 5
first_action: "2025-02-19T05:00:00+00:00"
last_action: "2025-03-28T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/c6de43fd-860d-4793-bbdd-4c293a5b68ea"
source_url: "https://apps.legislature.ky.gov/record/25RS/hb694.html"
source_hash: "654a054e935f1a3113771142c7a5f0f119412764cd9d3244b93f9ec954f96729"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky HB 694 (2025RS) — AN ACT relating to Teachers' Retirement System benefit funding.

Create a new section of KRS 161.220 to 161.716, relating to the Teachers' Retirement System (TRS), to require that once the TRS retiree health fund has an actuarial funding level of at least 100%, then the employer funding for retiree health shall be used to pay down the unfunded liability of the TRS pension fund; require that if the actuarial funding level of the TRS retiree health fund falls below 95%, then the employer funding shall be restored to the retiree health fund until the retiree health fund is 100% funded; amend KRS 161.540, 161.550, and 161.675 to provide that the TRS board of trustees shall not recommend changes to the General Assembly to reduce employee or employer funding for retiree health or reduce board adopted charges under the shared responsibility provisions for health benefits for retirees under the age of 65 until the pension and retiree health funds are each 100% funded; amend KRS 161.420 to conform.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb694/orig_bill.pdf)
2. **Acts Chapter 126** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/25RS/documents/0126.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb694/bill.pdf)

## Votes

- PASS HB 694 W/ sfa1 — **28–9** (pass) · lower
- Override Veto Final Passage HB 694 — **29–8** (pass) · lower
- Final Passage — **67–27** (pass) · lower
- Pass — **77–18** (pass) · lower
- Final Passage — **67–20** (pass) · lower

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-19T05:00:00+00:00** introduced in House `introduction`
- **2025-02-19T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2025-02-21T05:00:00+00:00** taken from Committee on Committees (H)
- **2025-02-21T05:00:00+00:00** 1st reading `reading-1`
- **2025-02-21T05:00:00+00:00** returned to Committee on Committees (H)
- **2025-02-21T05:00:00+00:00** to Appropriations & Revenue (H) `referral-committee`
- **2025-02-25T05:00:00+00:00** reported favorably, 2nd reading, to Rules `committee-passage`
- **2025-02-25T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Wednesday, February 26, 2025
- **2025-02-26T05:00:00+00:00** 3rd reading, passed 77-18 `passage, reading-3`
- **2025-02-27T05:00:00+00:00** received in Senate
- **2025-02-27T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2025-03-04T05:00:00+00:00** to Appropriations & Revenue (S) `referral-committee`
- **2025-03-05T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2025-03-06T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2025-03-06T05:00:00+00:00** floor amendment (1) filed `amendment-introduction`
- **2025-03-07T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Tuesday, March 11, 2025
- **2025-03-11T04:00:00+00:00** passed over and retained in the Orders of the Day `passage`
- **2025-03-11T04:00:00+00:00** floor amendment (2) filed `amendment-introduction`
- **2025-03-12T04:00:00+00:00** floor amendment withdrawn Floor Amendment (2)
- **2025-03-12T04:00:00+00:00** 3rd reading `reading-3`
- **2025-03-12T04:00:00+00:00** passed 28-9 with Floor Amendment (1) `passage`
- **2025-03-12T04:00:00+00:00** received in House
- **2025-03-12T04:00:00+00:00** to Rules (H) `referral-committee`
- **2025-03-13T04:00:00+00:00** taken from Rules (H)
- **2025-03-13T04:00:00+00:00** posted for passage for concurrence in Senate Floor Amendment (1)
- **2025-03-13T04:00:00+00:00** House concurred in Senate Floor Amendment (1)
- **2025-03-13T04:00:00+00:00** passed 67-20 `passage`
- **2025-03-13T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2025-03-13T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2025-03-13T04:00:00+00:00** delivered to Governor
- **2025-03-25T04:00:00+00:00** Vetoed `executive-veto`
- **2025-03-27T04:00:00+00:00** received in House
- **2025-03-27T04:00:00+00:00** to Rules (H) `referral-committee`
- **2025-03-27T04:00:00+00:00** taken from Rules
- **2025-03-27T04:00:00+00:00** posted for consideration of Governor's veto
- **2025-03-27T04:00:00+00:00** veto overridden `veto-override-passage`
- **2025-03-27T04:00:00+00:00** passed 67-27 `passage`
- **2025-03-27T04:00:00+00:00** received in Senate
- **2025-03-27T04:00:00+00:00** to Rules (S) `referral-committee`
- **2025-03-27T04:00:00+00:00** posted for passage for consideration of Governor's veto
- **2025-03-27T04:00:00+00:00** veto overridden `veto-override-passage`
- **2025-03-27T04:00:00+00:00** passed 29-8 `passage`
- **2025-03-28T04:00:00+00:00** received in House
- **2025-03-28T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2025-03-28T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2025-03-28T04:00:00+00:00** delivered to Secretary of State (Acts Ch. 126) `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c6de43fd-860d-4793-bbdd-4c293a5b68ea`. Confidence: reported (aggregated from official Kentucky legislature records).