18A.205 Life insurance for public employees and certain retirees --
397 words·~2 min read·
/ky/18a-205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Definitions.
(1)The secretary of the Finance and Administration Cabinet, upon the
recommendation of the secretary, may procure from one
(1)or more life
insurance companies, authorized to do business in this state, a policy or
policies of group life insurance insuring the lives of all or any class or classes of
public employees. The policy or policies shall be approved by the
commissioner of insurance and may contain such provisions as the
commissioner of insurance approves whether or not otherwise permitted by the
insurance laws. It is intended that life insurance may be made available for
public employees, except that the procuring is permissive.
(a)As used in KRS 18A.205 to 18A.215, "public employee" shall mean a
person who:
1. Is regularly employed by a public employer; and
2. Is also:
a. A contributing member of any one
(1)of the state-administered
retirement systems;
b. A retiree of a state-administered retirement system who is
employed in a regular full-time position for purposes of
retirement coverage, but who is not eligible to contribute to one
(1)of the systems administered by Kentucky Retirement
Systems or County Employees Retirement System pursuant to
KRS 61.637(17) or 78.5540(4);
c. An individual participating in an optional retirement plan
authorized by KRS 161.567; or
d. An individual eligible to participate in a retirement plan
established by an employer who ceases participating in the
Kentucky Employees Retirement System pursuant to KRS
61.522 whose employees participated in the life insurance
plans administered by the Personnel Cabinet prior to the
employer's effective cessation date in the Kentucky Employees
Retirement System.
(b)Notwithstanding the definition of "public employee" in this subsection, any
federally funded time-limited employee may receive insurance coverage.
(3)As used in this section and KRS 18A.210, "public employer" shall mean the
following employers, if the employer has opted to participate in the
state-sponsored group life insurance program:
(a)Any department, office, board, agency, commission, authority, or branch
of state government;
(b)A public postsecondary educational institution;
(c)Any department, office, board, agency, commission, authority, or branch
of a city, urban-county, charter county, county, unified local government,
or consolidated local government; or
(d)Any certified or classified employee or elected member of a local board of
education.
(4)As used in KRS 18A.205 to 18A.225, "premiums" shall mean premiums to be
paid on any type of insurance authorized under KRS 18A.205 to 18A.225.