(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. (2) (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.
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