HB 169

Bill Subjects

Actuarial Analysis Local Mandate Public Officers And Employees Retirement And Pensions Retroactive Legislation State Agencies

Abstract

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.