Wednesday, March 24, 2010
Senate Approves Teacher Health Insurance
KENTUCKY....
The Senate State and Local Government Committee has unanimously approved revised House Bill 540 aimed at ensuring retired teachers continue receiving health insurance benefits. To help reduce the unfunded liability in the retired teachers’ health insurance fund from $6.2 billion to $3.4 billion over time, more money would be required from school boards and active and retired teachers. The plan would require teachers, retired teachers younger than 65 and school districts to pay increasing health insurance premiums until 2016, when the contribution for active teachers would be 3.75% of their salary. Most retired teachers under 65 would pay $37 a month next year, about $80 a month the following year and $131 a month the next year, saving taxpayers $61 million over the next two years.
The Senate State and Local Government Committee has unanimously approved revised House Bill 540 aimed at ensuring retired teachers continue receiving health insurance benefits. To help reduce the unfunded liability in the retired teachers’ health insurance fund from $6.2 billion to $3.4 billion over time, more money would be required from school boards and active and retired teachers. The plan would require teachers, retired teachers younger than 65 and school districts to pay increasing health insurance premiums until 2016, when the contribution for active teachers would be 3.75% of their salary. Most retired teachers under 65 would pay $37 a month next year, about $80 a month the following year and $131 a month the next year, saving taxpayers $61 million over the next two years.
# posted by Homer Owens @ 9:56 PM 
