Title IV, Judicial Branch
22 chapters · 314 sections in this title.
KRS § 21.345 Definitions
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(1) For the purposes of KRS 21.350 to 21.510, "retirement" means a voluntary resignation or a failure of reelection, but does not include a removal for cause. (2) The word "service" as used in KRS 21.370 to 21.480 means service transferred from the Kentucky Retirement Systems pur…
KRS § 21.347 Judicial Retirement Plan -- Judicial retirement fund -- Established
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The Judicial Retirement System established by KRS 21.345 to 21.510 shall hereafter be designated and known as the Judicial Retirement Plan. There is established within that plan a state fund to be known as the judicial retirement fund, which shall consist of all money and securit…
KRS § 21.350 Establishment of system membership
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(1) Except as provided in subsection (2) of this section, membership in the retirement system established by KRS 21.350 to 21.510 shall consist of, and be confined to, Justices of the Supreme Court, Judges of the Court of Appeals created by Section 111 of the Constitution of Kent…
KRS § 21.357 Summary plan description -- Publication -- Recipients
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(1) The Judicial Retirement Board shall prepare and furnish to all active members a summary plan description, written in a manner calculated to be understood by the members and beneficiaries, and sufficiently accurate and comprehensive to reasonably apprise them of their rights a…
KRS § 21.360 Election to participate -- Delayed election
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(1) (a) Each Judge of the District Court in office on July 1, 1978, may within thirty (30) days after that date, and any judge or justice of any court entitled to be a member thereafter taking office may within thirty (30) days after taking office, elect to make monthly contribut…
KRS § 21.370 Term of service to qualify if member began participating before January 1, 2014 -- Transfer of service credit to Judicial Retirement Plan -- Purchase of service credit for service as police judge and for military service -- Special provisions for active members
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2014 -- Transfer of service credit to Judicial Retirement Plan -- Purchase of service credit for service as police judge and for military service -- Special provisions for active members. (1) (a) Except as provided in subsection (2) of KRS 21.410 and in subsection (2) of KRS 21.4…
KRS § 21.372 Limitations and exclusions on increases in final compensation for members retiring on or after January 1, 2018 -- Exception for bona fide promotion or career development -- Exclusion -- Determination by board -- Administrative regulations -- Inapplicability to hybrid cash balance plan participants
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members retiring on or after January 1, 2018 -- Exception for bona fide promotion or career development -- Exclusion -- Determination by board -- Administrative regulations -- Inapplicability to hybrid cash balance plan participants. (1) For purposes of this section: (a) "Bona fi…
KRS § 21.374 Election by member participating in the Legislators' Retirement Plan or the Judicial Retirement Plan on or after September 1, 2008, but before January 1, 2014 -- Participation in hybrid cash balance plan -- Private letter ruling -- Administrative regulations
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or the Judicial Retirement Plan on or after September 1, 2008, but before January 1, 2014 -- Participation in hybrid cash balance plan -- Private letter ruling -- Administrative regulations. Notwithstanding KRS 6.500 to 6.577 and 21.345 to 21.580: (1) Subject to the provisions of…
KRS § 21.375 Vesting through combined service credit
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A person who does not have the amount of service required for service retirement in the Judicial Retirement Plan but who is a member of that plan, or is a former member who has service credit therein in accordance with subsection (2) or (3) of KRS 21.460, shall become vested in t…
KRS § 21.380 Normal retirement age
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(1) The normal retirement date or age of a member shall be his sixty-fifth birthday, except that the normal retirement age for a member who began participating in the Judicial Retirement Plan prior to January 1, 2014, shall be reduced by one (1) year, but no more than five (5) ye…
KRS § 21.385 Payment of benefits while continuing in service -- Options for member who began participating before January 1, 2014 -- Multiple retirements by one person
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began participating before January 1, 2014 -- Multiple retirements by one person. (1) In a situation in which, by reason of federal tax law, the failure to commence the payment of retirement benefits to a vested member of the Kentucky Judicial Retirement Plan, by a specified date…
KRS § 21.400 Computation of retirement allowance for member who began participating before January 1, 2014 -- Benefit reduction for early retirement
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before January 1, 2014 -- Benefit reduction for early retirement. (1) A member who began participating in the Judicial Retirement Plan prior to January 1, 2014, who retires on or after his normal retirement date shall receive a service retirement allowance, payable monthly during…
KRS § 21.402 Hybrid cash balance plan for certain members of Legislators' Retirement Plan and Judicial Retirement Plan -- Member contributions and employer pay credits -- Interest credits -- Termination of employment -- Options upon retirement -- Individual members' accounts established by board of Judicial Form Retirement System
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Plan and Judicial Retirement Plan -- Member contributions and employer pay credits -- Interest credits -- Termination of employment -- Options upon retirement -- Individual members' accounts established by board of Judicial Form Retirement System. (1) A member of the Legislators'…
KRS § 21.405 Increase of retirement benefits
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(1) As of July 1, 1982, the board of trustees of the Kentucky Judicial Form Retirement System shall recompute the monthly benefits of persons then receiving benefits under the Judicial Retirement Plan, provided the person began participating in the plan prior to January 1, 2014, …
KRS § 21.410 Disability retirement -- Computation
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(1) (a) If upon examination of a member under his normal retirement age by one (1) or more qualified physicians employed by the retirement board, it is certified to the satisfaction of the board that such member is so physically or mentally disabled as to be incapacitated for fur…
KRS § 21.415 Disability retirement benefits
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Retirement benefits for a Justice of the Supreme Court, Judge of the Court of Appeals, Circuit Judge, or District Judge retired for disability under Section 121 of the Constitution of Kentucky shall be in accordance with KRS 21.410. The Judicial Retirement Board, in the case of s…
KRS § 21.420 Death benefits for members -- Designation of beneficiary to receive accumulated contributions or accumulated account balance
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accumulated contributions or accumulated account balance. (1) After the death of a member who began participating in the Judicial Retirement Plan prior to January 1, 2014, who at the time of his or her death was receiving a service retirement allowance (other than an actuarially …
KRS § 21.425 Benefits to surviving or disabled children of members who began participating before January 1, 2014 -- Designation of beneficiaries
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participating before January 1, 2014 -- Designation of beneficiaries. (1) In any circumstances in which a surviving spouse would be entitled to any allowance under KRS 21.420, but there is no surviving spouse or the surviving spouse subsequently dies, and there is a surviving chi…
KRS § 21.427 Health insurance and benefits for recipients -- Premium reimbursement plan -- Coordination with all state-administered retirement systems or plans
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plan -- Coordination with all state-administered retirement systems or plans. (1) (a) The board of trustees of the Judicial Form Retirement System shall arrange by appropriate contract or on a self-insured basis for a group hospital and medical insurance plan for recipients of a …
KRS § 21.440 Duties of investment committee -- Duties of board -- Actuarial valuations, investigations, and analyses -- Audit
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investigations, and analyses -- Audit. (1) (a) The investment committee for the judicial retirement fund shall at least once in every two (2) year period procure an actuarial valuation of the judicial retirement fund. The valuation shall, at a minimum, include: 1. A description o…
KRS § 21.450 Funding of benefits -- Trustee -- Duties of board members, investment manager or other fiduciary, or proxy advisor -- Accrual of benefits -- Standards of conduct
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manager or other fiduciary, or proxy advisor -- Accrual of benefits -- Standards of conduct. (1) The benefits provided by KRS 21.350 to 21.510 to be paid shall be funded through contract with a reputable life insurance company authorized to do business in this state, or through i…
KRS § 21.460 Refund of contributions or account balance for members who began participating before January 1, 2014 -- Purchase of service credit -- Interest on deferred refunds -- Repayment
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participating before January 1, 2014 -- Purchase of service credit -- Interest on deferred refunds -- Repayment. (1) (a) For members who began participating in the Judicial Retirement Plan prior to January 1, 2014: If any member of the plan ceases, other than by death or by disab…
KRS § 21.470 Exemption from taxation, execution -- Taxability after December 31, 1997
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All retirement allowances and other benefits accrued or accruing to any person under the provisions of KRS 21.350 to 21.510 are hereby exempted from any state, county or municipal tax, and shall not be subject to execution, attachment, garnishment or any other process whatsoever,…
KRS § 21.480 KRS 21.350 to 21.510 creates vested interest for members who began participating before January 1, 2014 -- Exception -- Amendment of benefits and rights
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participating before January 1, 2014 -- Exception -- Amendment of benefits and rights. (1) For members who begin participating in the Judicial Retirement Plan prior to January 1, 2014, it is hereby declared that in consideration of the contributions by the members, and in further…
KRS § 21.510 Appropriation -- Transfer of funds to judicial retirement fund
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For the purposes of KRS 21.350 to 21.510, there is appropriated to the judicial retirement fund all sums received from contributions of members of the retirement system created by KRS 21.350 to 21.510. There further is appropriated, out of the general expenditure fund in the Stat…
KRS § 21.525 Contributions by state -- Normal cost and actuarially accrued liability contributions -- Employer costs for hybrid cash balance plan
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contributions -- Employer costs for hybrid cash balance plan. (1) The state, by appropriation to the Judicial Retirement Board, shall contribute annually to the Judicial Retirement System an amount equal to the percent as computed under subsection (2)(a) of this section of the cr…
KRS § 21.530 Coordination of Legislators' Retirement and Judicial Retirement Plans -- Board
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-- Board. (1) For administrative purposes only, as hereinafter provided, the Legislators' Retirement Plan and the Judicial Retirement Plan shall be coordinated under the name, Judicial Form Retirement System, but each of the plans shall maintain its separate identity. A board of …
KRS § 21.540 Duties of board of trustees -- Qualified domestic relations orders -- Intent to conform with federal law -- Availability of information on website -- Conflicts of interest -- Prohibition against fees for unregulated placement agents -- Investment procurement policy -- Release of certain information from accounts of current or former legislators -- Proxy voting guidelines
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conform with federal law -- Availability of information on website -- Conflicts of interest -- Prohibition against fees for unregulated placement agents -- Investment procurement policy -- Release of certain information from accounts of current or former legislators -- Proxy voti…
KRS § 21.550 Investments, judicial retirement fund
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(1) Those members of the board of trustees of the Judicial Form Retirement System who are appointed by the Supreme Court, together with the members appointed by the Governor, shall constitute an investment committee for the Judicial Retirement Plan, and as such shall have full an…
KRS § 21.560 Investments -- Legislative retirement fund
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The members of the board of trustees of the Judicial Form Retirement System who are appointed by the President of the Senate and the Speaker of the House of Representatives, singly or jointly, together with the members of the board who are appointed by the Governor, shall constit…
KRS § 21.565 Administration and assets of plan created under KRS 21.567
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(1) The Kentucky Judicial Retirement Plan excess benefit plan established in KRS 21.567 shall be administered by the board of trustees of the Kentucky Judicial Form Retirement System. The board shall have the same authority in its administration as it has in the administration of…
KRS § 21.567 Kentucky Judicial Retirement Plan excess benefit plan -- Excess benefit fund
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fund. (1) There is created and established: (a) An excess benefit plan to be known as the Kentucky Judicial Retirement Plan excess benefit plan. The plan is created for the purpose of providing retirement allowances payable from the retirement plan under KRS 21.345 to 21.580 that…
KRS § 21.570 Nonseverability of provisions
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If any provision of Acts 1980, ch. 407, or the application thereof to any person or circumstance is held invalid, the entire chapter shall be invalid, and to this end the provisions of Acts 1980, ch. 407 are not severable.
KRS § 21.580 Repealed, 2007, but expiration of program extended by court order until January 31, 2009
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31, 2009. Catchline at repeal: Senior Status Program for Special Judges.