Though 2018 is only a portion of the way through, there have been a few significant law changes we’ve seen in the state of Kentucky that will impact many residents. Many of these were decided upon during the Kentucky General Assembly’s 2018 regular session and will begin to take effect in July 2018.
Here are some of the largest law changes and new bills we’ve seen pass in Kentucky during the first quarter of 2018 along with brief summaries of each change:
Pension Reform Bill:
In late March, Kentucky Republicans passed a controversial pension reform bill that affects teachers and other educators. It will force future Kentucky state teachers to receive pension benefits that are part of a hybrid cash balance plan with features of both a traditional pension plan and a 401k-style savings plan.