City of Villa Hills, Kentucky v. Kentucky Retirement Systems

RENDERED: AUGUST 26, 2021 TO BE PUBLISHED Supreme Court of Kentucky 2019-SC-0434-DG CITY OF VILLA HILLS, KENTUCKY APPELLANT ON REVIEW FROM COURT OF APPEALS V. NO. 2018-CA-809 FRANKLIN CIRCUIT COURT NO. 17-CI-00706 KENTUCKY RETIREMENT SYSTEMS APPELLEE OPINION OF THE COURT BY CHIEF JUSTICE MINTON AFFIRMING We accepted discretionary review to consider the application of Kentucky Revised Statute (KRS) 61.598, sometimes referred to as the pension-spiking statute. Kentucky Retirement Systems assessed over $200,000 in actuarial costs to against the City of Villa Hills following the retirement of one…