The proposed bill would amend current statutes regarding the Public Safety Personnel Retirement System's (PSPRS) Cancer Insurance Program (CIP) by modifying how administrative costs are calculated. Under the new provisions, the PSPRS Board would be allowed to use up to 10 percent of the total claims paid, averaged over the previous five years, for administrative costs, rather than the previously established limit of 10 percent of the monies deposited in the Public Safety CIP Account. Additionally, the costs of processing claims would be excluded from the calculation of administrative costs, and the year-end date for these calculations would be changed from July 31 to June 30.

Furthermore, the bill removes the provision that allowed the PSPRS Board to use up to 5 percent of the most recent year's deposit if no funds were deposited in a given year. It also clarifies that employers required to participate in the program must pay premiums for the program's costs and include these premiums as wages for participating firefighters and peace officers, subject to applicable taxes. Overall, these changes aim to streamline the administration of the CIP and ensure compliance with federal tax regulations.

Statutes affected:
Introduced Version: 38-643
House Engrossed Version: 38-643
Chaptered Version: 38-643