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Senate committee advances bill to raise CERS retiree health subsidies, adds employee contribution
Summary
The Senate State and Local Government Committee voted unanimously to advance Senate Bill 10, which raises fixed-dollar health subsidies for County Employees Retirement System retirees and requires modest employee contribution increases; sponsors and public-safety groups said the change will aid recruitment and retention.
Senator Jason Mills introduced Senate Bill 10 to the Kentucky Senate State and Local Government Committee, saying the bill "will change CERS retiree health benefits available for members who began participating in the system on or before 07/01/2003." The panel voted 9-0 to advance the measure with favorable recommendation.
The bill increases the fixed-dollar monthly health subsidy for CERS nonhazardous career retirees who retire after 27 years of service from $14.63 per year of service to $40 per year of service, and raises the hazardous-duty subsidy (for retirees after 20 years of service for tier 1 and 25 years for tiers 2 and 3) from $21.94 per year of service to $50 per year of service. Mills said the changes are intended "to allow the retiree to be able to pay the cost of a single premium,"…
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