25RS SB 10

Senate Bill 10

Actions

Last Action	02/21/25: 3rd reading, passed 35-0
Title	AN ACT relating to retiree health provisions of the County Employees Retirement System.
Bill Documents	Current Introduced
Fiscal Impact Statements	Actuarial Analysis Local Mandate
Bill Request Number	229
Sponsors	R. Mills, J. Higdon, S. Funke Frommeyer, S. Madon, M. Nemes, M. Nunn
Summary of Original Version	Amend KRS 78.5536, relating to the County Employees Retirement System, to increase the nonhazardous and hazardous duty under age 65 retiree health subsidy to $40 and $50 per month for each year of service, respectively, for those members who meet the "career threshold" who began participating in the system on or after July 1, 2003, and who are eligible for a fixed-dollar retiree health subsidy not tied to the premium; extend the employee contribution used to fund retiree health benefits to include members who began participating in the system on or after July 1, 2003, and increase the current hazardous employee contribution rate to 2% of pay for those eligible for the fixed-dollar retiree health subsidy; make technical amendments regarding the retiree health premium reimbursement program to conform to current policy; provide that the amendments to the employee contributions shall be effective July 1, 2026; for calculation of the retiree health subsidy increase, provide that the change shall apply to service earned prior to the effective date of this Act by eligible members, including retirees, and shall prospectively be adjusted annually by the 1.5% increase currently provided in statute; provide that subsidies payable to impacted retirees shall begin on or after January 1, 2026, to coincide with the next health plan year; direct the Public Pension Oversight Board to continue to review the retiree health fund actuarial data and evaluate potential legislative options to address any future continued improvements in the funds; RETROACTIVE.
Index Headings of Original Version	Education, Elementary and Secondary - CERS, retiree health subsidies and employee contribution rates, increase Local Government - CERS, retiree health subsidies and employee contribution rates, increase Local Mandate - Kentucky Public Pensions Authority, CERS retiree health subsidies and contribution rates, increase Retirement and Pensions - Kentucky Public Pensions Authority, CERS retiree health subsidies and contribution rates, increase State Agencies - Kentucky Public Pensions Authority, CERS retiree health subsidies and contribution rates, increase Retroactive Legislation - CERS, retiree health subsidies and employee contribution rates, increase Actuarial Analysis - Kentucky Public Pensions Authority, CERS retiree health subsidies and contribution rates, increase
Votes	Vote History

02/11/25	introduced in Senate to Committee on Committees (S)
02/13/25	to State & Local Government (S)
02/19/25	reported favorably, 1st reading, to Calendar
02/20/25	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Friday, February 21, 2025
02/21/25	3rd reading, passed 35-0