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Kentucky Revised Statutes (Last Updated: May 10, 2014) |
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TITLE VIII. OFFICES AND OFFICERS |
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CHAPTER 61. GENERAL PROVISIONS AS TO OFFICES AND OFFICERS -- SOCIAL SECURITY FOR PUBLIC EMPLOYEES -- EMPLOYEES RETIREMENT SYSTEM |
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Kentucky Employees Retirement System |
510. Definitions for KRS 61.510 to 61.705. |
515. Retirement system established -- Fund created. |
520. Participation determined by board and fixed by executive order -- Authority for order. |
521. Repealed, 1996. [Repealed] |
525. Membership. |
526. Members to file statement of facts at retirement office -- Procedures for verification. |
530. Nonelection of membership -- Penalty. |
535. Cessation of membership -- Conditions -- Forfeiture of retirement benefits. |
540. Statement of member and employer -- Summary plan description. |
541. Creditable compensation of fee officers. |
542. Designation of principal and contingent beneficiaries -- Rights -- Effects of change in certain conditions. |
543. Deduction or pick-up of employee contributions -- Service credit -- Educational leave. |
546. Sick leave for employees who began participating before January 1, 2014. |
547. Transfer of annual and sick leave balances by employees. |
550. Cessation of membership -- Loss of benefits. |
552. Service credit regained or obtained -- Purchase of current service and service credit -- Interest paid -- Delayed contribution -- Installment payments. |
5525. Method for determining purchase of service credit -- Exceptions. |
553. Service credit -- Police. |
554. Repealed, 2000. [Repealed] |
555. Service credit, creditable compensation, and other credits for military service. |
557. Service credit -- United States employment service. |
558. Repealed, 2004. [Repealed] |
559. Service required for retirement allowance of members who began participating before January 1, 2014. |
560. Employee's contribution -- Rate -- Picked-up employee contributions. |
565. Employer's contributions -- Reset of amortization period -- Payment of actuarially required contribution rate. |
567. Employer's contributions by credit union. |
569. Reinstated employee -- Contributions on creditable compensation. |
570. Fund assets. |
575. Members' account -- Interest -- Transfer of account balance to retirement allowance account. |
580. Retirement allowance account. |
585. Repealed, 1976. [Repealed] |
590. Filing of Notification of Retirement and Estimated Retirement Allowance forms -- Selection of payment option -- Effective date. |
592. Retirement of persons working in hazardous positions. |
593. Retirement allowance of former member in hazardous position. |
595. Service retirement allowance for members who began participating before January 1, 2014 -- Limitations. |
596. Repealed, 2000. [Repealed] |
598. Employer to pay actuarial costs resulting from certain increases in creditable compensation -- Inquiries from employers -- Hearing and appeal. |
599. Calculation of retirement allowance for members of Kentucky Employees Retirement System. |
600. Disability retirement. |
605. Disability retirement allowance. |
607. Maximum disability benefit -- Determination. |
610. Employment and medical review after disability retirement -- Filing of review forms -- Duty of system to assist in obtaining records. |
620. Repealed, 1976. [Repealed] |
621. Fred Capps Memorial Act -- Eligibility for benefits for duty-related injury. |
623. Electronic fund transfer of retirement allowance required -- Exceptions. |
625. Refund of account balance or contributions. |
626. Repealed, 2009. [Repealed] |
630. Death after retirement -- Refund of contributions. |
635. Optional retirement plans. |
640. Death before retirement -- Beneficiary's options -- Taxable distributions. |
645. Board of trustees -- Powers -- Members -- Executive director and other employees -- Appeals -- Other duties -- Annual financial report -- Trustee education program. |
652. Administration of all excess benefit plans -- Participation in plan -- Determination of benefit amount -- Required contribution of plans. |
655. Board of trustees -- Conflict of interest. |
660. Custodian of funds -- Cash and securities. |
661. Member's account confidential -- Response to subpoenas. |
663. Excess benefit plan -- Purpose -- Excess benefit fund. |
665. Medical examiners -- Ruling on disability retirement -- Appeal -- Referral for evaluation and retraining. |
670. Actuarial bases -- Actuary for Legislative Research Commission. |
675. Employer's administrative duties -- Audit -- Filing of contributions and reports. |
680. Consent of employees to deductions -- Consolidation for determination of eligibility and determination of benefits -- Waiver -- Choice among retirement systems -- Reciprocal arrangements. |
685. Records -- Audits -- System's authority to enforce its powers -- Limitation of liability. |
690. Exemption of retirement allowances -- Taxability after December 31, 1997 -- Domestic relations and child support orders. |
691. Increase of benefits. |
692. Benefits not to be reduced or impaired for members who began participating before January 1, 2014 -- Exceptions -- Amendment of benefits and rights. |
695. Repealed, 1972. [Repealed] |
699. System's ability to require statements under oath. |
700. Repealed, effective January 1, 1975. [Repealed] |
701. Kentucky Retirement Systems insurance trust fund -- Purpose -- Administration -- Participation, regulation, and termination. |
702. Group hospital and medical insurance and managed care plan coverage -- Employee and employer contributions -- Minimum service requirements. |
703. Collection of benefit less than $1,000 by surviving relative. |
705. Death benefit -- Designation of beneficiary -- Debt owed at death -- Assignment of benefit. |