H.F. 2436 Section 1. NEW SECTION . 70A.23A Credit for accrued sick 1 leave —— retired public safety employees. 2 Notwithstanding section 70A.23, a public safety employee, 3 as defined in section 20.3, who retires and has applied for 4 retirement benefits under an eligible retirement system, shall 5 receive credit for all accumulated, unused sick leave which 6 shall be converted at one hundred percent of current value 7 and credited to an account for the public safety employee 8 for the purpose of paying the public safety employee’s cost 9 of the monthly premiums for continuance of the public safety 10 employee’s health insurance plan. Upon the death of a retired 11 public safety employee, the surviving spouse or dependents 12 shall be entitled to the value of the accumulated unused sick 13 leave for the purpose of paying the cost of monthly premiums 14 for continuation of a public safety employee’s health insurance 15 policy for the public safety employee’s surviving spouse or 16 dependents. This section does not apply to a public safety 17 employee covered under a collective bargaining agreement which 18 provides for an employer paid retirement health savings plan. 19 EXPLANATION 20 The inclusion of this explanation does not constitute agreement with 21 the explanation’s substance by the members of the general assembly. 22 This bill relates to credit for accrued sick leave of public 23 safety employees. 24 Under the bill, a public safety employee who retires and has 25 applied for retirement benefits shall receive all accumulated, 26 unused sick leave which shall be converted at 100 percent 27 of current value for the purpose of paying monthly health 28 insurance premiums under the public safety employee’s health 29 insurance plan. Upon the death of the retired employee, the 30 remaining value of the converted sick leave may be used for 31 such purposes by the surviving spouse or dependents. 32 The bill does not apply to a public safety employee covered 33 by a collective bargaining agreement. 34 -1- LSB 5988YH (4) 90 jm/ns 1/ 1