HB 11/LM/AA (BR 62) - R. Nelson, Dw. Butler, L. Clark, C. Embry Jr, C. Hoffman, T. Riner
AN ACT relating to insurance.
Create a new section of KRS 18A.225 to 18A.229 to require employers participating in the County Employees Retirement System to pay an adjustment fee to cover the cost of unescorted retirees in the state group who retire beginning in 2004; direct the Personnel Cabinet, with assistance from the retirement system, to determine the additional actuarial cost to the state group because of retirees from non-participating agencies by using a separate rating of the retirees from non-participating agencies; define "adjustment fee," state group, "and" "unescorted retiree"; direct the Kentucky Retirement Systems to determine the administrative costs to be incurred under this section and notify the Personnel Cabinet of the amounts; require the Personnel Cabinet to notify each employer of the adjustment fee to be paid starting July 1, 2006; require the Department of Education to include funds for local districts' portion of the adjustment fee in the department's biennial budget request; require the Kentucky Retirement Systems to deposit the amounts paid participating employers into the insurance subsidy escrow account; allow the Kentucky Retirement Systems to remove funds to pay administrative costs; require, beginning January 1, 2008, the health insurance premium paid for an unescorted retiree from an employer to include the adjustment fee, but not otherwise differ form the premium paid by other state group members; direct the Attorney General to take necessary action to recover funds from participating employers who become delinquent in the payment of their adjustment fees; prohibit any retired member or beneficiary from having his or her health insurance coverage reduced or terminated because of any provision of this Act.
HB 11 - AMENDMENTS
HCS/LM/AA - Retain original provisions, indicate the state is responsible for the adjustment fees for employees of local school boards in the state insurance group.
SFA (1, D. Kelly) - Delete the language basing the adjustment fee only on retirees who retire after January 2004; authorize the Personnel Cabinet to determine cost of unescorted retirees in a self-funded plan; specify that protections extended to retirees do not prohibit cancellation for failure to pay premiums.
(Prefiled by the sponsor(s).)
Jan 6-introduced in House; to State Government (H)
Jan 8-posted in committee
Jan 27-reported favorably, 1st reading, to Calendar with Committee Substitute
Jan 28-2nd reading, to Rules
Feb 2-posted for passage in the Regular Orders of the Day for Tuesday, February 3, 2004
Feb 5-3rd reading, passed 94-0 with Committee Substitute
Feb 6-received in Senate
Feb 11-to State and Local Government (S)
Mar 9-reported favorably, 1st reading, to Consent Calendar
Mar 10-2nd reading, to Rules
Mar 17-posted for passage in the Regular Orders of the Day for Thursday, March 18, 2004; taken from the Regular Orders of the Day; recommitted to Appropriations and Revenue (S)
Mar 19-taken from committee; to Rules (S)
Mar 22-floor amendment (1) filed
Mar 23-posted for passage in the Regular Orders of the Day for Wednesday, March 24, 2004
Mar 24-passed over and retained in the Orders of the Day
Mar 25-taken from the Regular Orders of the Day; recommitted to Appropriations and Revenue (S)