| Last Action | 01/04/22: to Committee on Committees (H) |
|---|---|
| Title | AN ACT relating to retiree health benefits for hazardous duty members. |
| Bill Documents | Introduced |
| Fiscal Impact Statements |
Actuarial Analysis
Local Mandate |
| Bill Request Number | 1075 |
| Sponsors | K. Bratcher, K. Banta, M. Hart, T. Huff, R. Palumbo, P. Pratt, B. Wheatley |
| Summary of Original Version | Amend KRS 61.702 and 78.5536 to increase the hazardous duty under age 65 retiree health subsidy to $40 per month for each year of hazardous duty service for those career hazardous members of the Kentucky Employees Retirement System, County Employees Retirement System, and the State Police Retirement System who began participating in the system on or after July 1, 2003, who are eligible for a fixed-dollar retiree health subsidy not tied to the premium; define "career hazardous employee"; provide that the change shall apply to hazardous service earned prior to the effective date of this Act by eligible members, including retirees and shall continue to be adjusted annually by the 1.5% increase currently provided by statute; specify that changes to subsidies payable to impacted retirees shall begin on or after January 1, 2023, to coincide with the next health plan year; RETROACTIVE. |
| Index Headings of Original Version |
State Agencies - Kentucky Public Pensions Authority, increase in hazardous duty retiree health subsidy Retroactive Legislation - KERS, CERS, and SPRS, increase in hazardous duty retiree health subsidy for certain members Actuarial Analysis - KERS, CERS, and SPRS, increase in hazardous duty retiree health subsidy for certain members Local Mandate - KERS, CERS, and SPRS, increase in hazardous duty retiree health subsidy for certain members Public Officers and Employees - KERS, CERS, and SPRS, increase in hazardous duty retiree health subsidy for certain members Retirement and Pensions - County Employees Retirement System, increase in hazardous duty retiree health subsidy Retirement and Pensions - Kentucky Retirement Systems, increase in hazardous duty retiree health subsidy |
| 12/10/21 |
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| 01/04/22 |
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Last updated: 2/8/2023 2:57 PM (EST)