FRANKFORT, Ky. (AP) - Kentucky public school districts, as well
as teachers and retirees under age 65, would pay more for retiree
health care under an agreement to preserve the benefits but also
save taxpayer money.
The Louisville Courier reported that on Friday, representatives
of the teachers, retirees and school boards signed onto a deal on
Friday in Frankfort.
Under the proposal, current teachers would contribute an
additional .25 percent of their payroll for retiree health care
starting next fiscal year. Retired teachers under age 65 would
begin contributing $37 per month next year.
And school systems would contribute .25 percent of payroll next
fiscal year and gradually see that amount increase until fiscal
year 2016, when they would contribute 3 percent.
Information from: The Courier-Journal,
(Copyright 2010 by The Associated Press. All Rights Reserved.)