21RS HB 507

Actions

Last Action	02/11/21: to Committee on Committees (H)
Title	AN ACT relating to the portability of retiree health subsidies.
Bill Documents	Introduced
Fiscal Impact Statement	Actuarial Analysis
Bill Request Number	1624
Sponsor	J. DuPlessis
Summary of Original Version	Amend KRS 61.702 to allow members who began participating in the systems on or after July 1, 2003, who are eligible for a fixed dollar amount towards their health premiums during retirement, to use those fixed dollar amounts towards other health coverage through a premium reimbursement program; require the Kentucky Public Pension Authority to submit research and findings to the Public Pension Oversight Board on or before November 15, 2021, on other health savings or reimbursement options that may be established for these members, including but not limited to health savings accounts or health reimbursement arrangements.
Index Headings of Original Version	Public Officers and Employees - Retirement, health premium reimbursement program for KRS members with fixed dollar premium subsidy Retirement and Pensions - Kentucky Public Pensions Authority, report on alternative health programs for post 07/03 members Retirement and Pensions - Kentucky Retirement Systems, health premium reimbursement program State Agencies - Kentucky Retirement Systems, health premium reimbursement program Actuarial Analysis - Kentucky Retirement Systems, health premium reimbursement program