Thursday, May 27, 2010
Teacher Retiree Bill
KENTUCKY...
Governor Steve Beshear signed House Bill 540 establishing a plan for long-term funding of teacher retiree health care. The measure helps ensure that Kentucky’s retired teachers, as well as active teachers once they retire, will continue to receive health benefits. House Bill 540 provides a shared responsibility solution that ends the long history of under-funding of medical benefits for Kentucky’s retired teachers. It calls upon active teachers, retired teachers, school districts and the state to share in a piece of the solution by investing a little now for substantial returns later.
Governor Steve Beshear signed House Bill 540 establishing a plan for long-term funding of teacher retiree health care. The measure helps ensure that Kentucky’s retired teachers, as well as active teachers once they retire, will continue to receive health benefits. House Bill 540 provides a shared responsibility solution that ends the long history of under-funding of medical benefits for Kentucky’s retired teachers. It calls upon active teachers, retired teachers, school districts and the state to share in a piece of the solution by investing a little now for substantial returns later.