58 chapters · 2,528 sections in this title.
KRS § 78.5510 Members of County Employees Retirement System who began participating before January 1, 2014, with service in nonhazardous positions -- Eligibility for retirement allowance
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participating before January 1, 2014, with service in nonhazardous positions -- Eligibility for retirement allowance. (1) The provisions of this section shall only apply to members of the County Employees Retirement System who began participating in the system prior to January 1,…
KRS § 78.5512 Hybrid cash balance plan for members in nonhazardous positions who began participating on or after January 1, 2014, and for members who make election under KRS 61.5955
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who began participating on or after January 1, 2014, and for members who make election under KRS 61.5955. (1) A member of the County Employees Retirement System who is participating in a nonhazardous position and who began participating in the system on or after January 1, 2014, …
KRS § 78.5514 Members of County Employees Retirement System who began participating before January 1, 2014, with service in hazardous positions -- Eligibility for retirement allowance
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participating before January 1, 2014, with service in hazardous positions -- Eligibility for retirement allowance. (1) The provisions of this section shall only apply to members of the County Employees Retirement System who began participating in the system prior to January 1, 20…
KRS § 78.5516 Hybrid cash balance plan for members in hazardous positions who began participating on or after January 1, 2014, and for members who make election under KRS 61.5955
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began participating on or after January 1, 2014, and for members who make election under KRS 61.5955. (1) A member of the County Employees Retirement System in a hazardous position covered by this section, who begins participating in the system on or after January 1, 2014, or a m…
KRS § 78.5518 Increase of benefits
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(1) Effective August 1, 1996, to July 1, 2008, a recipient of a retirement allowance under KRS 78.510 to 78.852 shall have his or her retirement allowance increased on July 1 of each year by the percentage increase in the annual average of the consumer price index for all urban c…
KRS § 78.5520 Retirement of persons working in hazardous positions
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(1) For purposes of this section: (a) "Hazardous position" for employees who began participating in the County Employees Retirement System prior to September 1, 2008, means any position whose principal duties involve active law enforcement, including the positions of probation an…
KRS § 78.5522 Disability retirement for person whose last date of employment was in nonhazardous position
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in nonhazardous position. The disability retirement provisions contained in this section shall apply to a person whose last date of paid employment was in a nonhazardous position. (1) Any person may qualify to retire on disability, subject to the following conditions: (a) The per…
KRS § 78.5524 Disability retirement for person whose last date of employment was in hazardous position
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in hazardous position. The disability retirement provisions contained in this section shall apply to a person whose last date of paid employment was in a hazardous position. (1) (a) For purposes of this section: 1. "Total and permanent disability" means a disability which results…
KRS § 78.5526 Employment and medical review after disability retirement -- Filing of review forms -- Duty of Authority to assist in obtaining records -- Investigation of fraud
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review forms -- Duty of Authority to assist in obtaining records -- Investigation of fraud. (1) Once each year following the retirement of a person on a disability retirement allowance, except for persons who become totally and permanently disabled as a direct result of an act in…
KRS § 78.5528 Vocational experts -- Disability retirement allowance -- Reduction -- Discontinuance -- Determinations by medical examiner or vocational expert -- Hearings and appeals -- Early retirement upon discontinuance of disability allowance for member who began participating before January 1, 2014
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Discontinuance -- Determinations by medical examiner or vocational expert -- Hearings and appeals -- Early retirement upon discontinuance of disability allowance for member who began participating before January 1, 2014. (1) (a) The Authority may contract for the services of one …
KRS § 78.5530 Maximum disability benefit -- Determination -- Information to be filed by disability recipient
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by disability recipient. Notwithstanding any other provisions of KRS 78.510 to 78.852, a maximum disability benefit is hereby established which shall apply, upon disability retirement, to any disabled employee's account to which service credit is added to determine disability ben…
KRS § 78.5532 Death before retirement -- Beneficiary's options -- Taxable distributions -- Injuries connected with performance of duty
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Injuries connected with performance of duty. (1) If a member dies prior to the first day of the month in which the member would have received his or her first retirement allowance, the member's beneficiary shall be eligible for the benefits provided by this section if the member …
KRS § 78.5534 Death in the line of duty of member in hazardous position -- Payments to surviving spouse, dependent children, and designated beneficiaries -- Election -- Receipt of benefits under KRS 78.5532 pending final determination
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Payments to surviving spouse, dependent children, and designated beneficiaries -- Election -- Receipt of benefits under KRS 78.5532 pending final determination. The provisions of this section shall apply to members in a hazardous position. (1) If a member dies as a direct result …
KRS § 78.5536 Group hospital and medical insurance plan -- Medicare eligibility -- Reimbursement plan -- Employer contributions -- Payment of premiums -- Contribution rates -- Exemption from premium tax -- Administrative regulation
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Reimbursement plan -- Employer contributions -- Payment of premiums -- Contribution rates -- Exemption from premium tax -- Administrative regulation. (1) For purposes of this section: (a) "Hospital and medical insurance plan" may include, at the board's discretion, any one (1) or…
KRS § 78.5538 Death benefit -- Designation of beneficiary -- Debt owed at death -- Assignment of benefit
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Assignment of benefit. (1) (a) Upon the death of a retired member of the system, who was receiving a monthly retirement allowance based on a minimum of forty-eight (48) months of service, a death benefit for the beneficiary of five thousand dollars ($5,000) shall be paid. (b) If …
KRS § 78.5540 Retired member who returns to work with participating employer -- Combination of accounts -- Employment within 12 months of retirement date -- Independent contractors and leased employees -- Reemployment on or after September 1, 2008 -- Voided retirement -- Absence of prearranged agreement -- Volunteer services -- Mayors and members of city legislative bodies -- Administrative regulations
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Combination of accounts -- Employment within 12 months of retirement date - - Independent contractors and leased employees -- Reemployment on or after September 1, 2008 -- Voided retirement -- Absence of prearranged agreement - - Volunteer services -- Mayors and members of city l…
KRS § 78.5542 KRS 61.680 to be followed in computing benefits of member who has account with another system
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account with another system. The provisions of KRS 61.680 are hereby recognized and shall be followed in computing benefits of any member of the County Employees Retirement System who also has an account with the Kentucky Employees Retirement System, the State Police Retirement S…
KRS § 78.606 Service credit earned upon retirement of noncertified employee -- Recalculation of benefits
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Recalculation of benefits. (1) Upon retirement, a noncertified employee shall have his service credit earned after July 1, 1998, recalculated in accordance with KRS 78.615 except that the employee shall receive service credit determined by dividing the actual number of contracted…
KRS § 78.610 Employee's contribution -- Rate -- Deduction -- Picked-up employee contributions
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contributions. (1) Each employee shall contribute, for each pay period for which he or she receives compensation: (a) 1. Five percent (5%) of his or her creditable compensation if the employee is participating in a nonhazardous position; or 2. Eight percent (8%) of his or her cre…
KRS § 78.615 Deduction of employee contributions -- Service credit -- Employer's report -- Picked-up employee contributions
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report -- Picked-up employee contributions. (1) Employee contributions shall be deducted each payroll period from the creditable compensation of each employee of an employer participating in the system while he or she is classified as regular full-time as defined in KRS 78.510 un…
KRS § 78.616 Purchase of service credit for unused sick leave -- Employer's election to participate -- Accumulated sick leave added to employee's service credit -- Payments by employer and employee -- Alternative compensation -- City of first class -- Statute not applicable to employees who began participation on or after January 1, 2014
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to participate -- Accumulated sick leave added to employee's service credit -- Payments by employer and employee -- Alternative compensation -- City of first class -- Statute not applicable to employees who began participation on or after January 1, 2014. (1) Any employer partici…
KRS § 78.625 Information furnished by employer -- Filing of contributions, reimbursements, and reports -- Penalties for delinquency -- Audit of employer
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reimbursements, and reports -- Penalties for delinquency -- Audit of employer. (1) Except as provided by subsection (6) of this section, the employer shall prepare the reporting records necessary for the system to administer the provisions of KRS 78.510 to 78.852 and, from time t…
KRS § 78.630 System's assets
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Except as provided by KRS 61.701, all of the assets of the system shall be held in the county employees' retirement fund and credited, according to the purpose for which they are held, to one (1) of three (3) accounts, namely, the members' account, the retirement allowance accoun…
KRS § 78.635 Employer's annual contribution to system -- Computation -- Limitation on annual increase of employer contribution rate -- Notification of rate change
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on annual increase of employer contribution rate -- Notification of rate change. (1) (a) Except as provided by subsection (4) of this section, each employer participating in the County Employees Retirement System as provided for in KRS 78.510 to 78.852 shall contribute annually t…
KRS § 78.640 Members' account -- Interest -- Transfer of account balance to retirement allowance account
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allowance account. (1) The members' account shall be the account to which: (a) All members' contributions, or contributions picked up by the employer after August 1, 1982, and interest allowances as provided in KRS 78.510 to 78.852 shall be credited, except as provided by KRS 78.…
KRS § 78.650 Retirement allowance account
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The retirement allowance account shall be the account in which shall be accumulated all employer contributions and amounts transferred from the members' account, and to which all income from the invested assets of the system shall be credited. From this account shall be paid the …
KRS § 78.652 Excess benefit plan -- Purpose -- Excess benefit fund
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There is created and established: (1) An excess benefit plan to be known as the County Employees Retirement System Excess Benefit Plan. The plan is created for the purpose of providing the retirement allowances payable from the retirement systems under KRS 78.520 to 78.852 that w…
KRS § 78.782 County Employees Retirement System board of trustees -- Appointed and elected membership, vacancies, compensation, duties, and meetings -- Board granted powers and privileges of corporation -- Chief executive officer and general counsel -- Annual Comprehensive Financial Report -- Expenses -- Action for damages -- Appeals -- Transparency -- Limitations on use of funds
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elected membership, vacancies, compensation, duties, and meetings -- Board granted powers and privileges of corporation -- Chief executive officer and general counsel -- Annual Comprehensive Financial Report -- Expenses -- Action for damages -- Appeals -- Transparency -- Limitati…
KRS § 78.784 Board’s administration of actuarial processes
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(1) (a) As soon as practicable after its organization, the County Employees Retirement System board shall adopt the actuarial tables, assumptions, and methods necessary for the administration of the system and for the annual determination of actuarial assets, actuarial liabilitie…
KRS § 78.790 Board trustee of funds -- Investment committee -- Standards of conduct -- Unitized managed custodial account -- Cap on amount of assets managed by any one investment manager -- Investment procurement policy -- Proxy voting guidelines
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Unitized managed custodial account -- Cap on amount of assets managed by any one investment manager -- Investment procurement policy -- Proxy voting guidelines. (1) (a) The board shall be the trustee of funds pertaining to the County Employees Retirement System created by KRS 78.…
KRS § 78.852 Benefits not to be reduced or impaired for members who began participating before January 1, 2014 -- Exceptions -- Amendment of benefits and rights -- Employers' funding responsibility -- Authority of board when employer fails to meet funding requirements
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participating before January 1, 2014 -- Exceptions -- Amendment of benefits and rights -- Employers' funding responsibility -- Authority of board when employer fails to meet funding requirements. (1) For members who begin participating in the County Employees Retirement System pr…
KRS § 78.990 Penalties
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Any person who shall knowingly violate any of the provisions of KRS 78.400 to 78.460 shall be guilty of a misdemeanor and shall upon conviction be punished by a fine of not less than fifty dollars ($50) nor more than one thousand dollars ($1,000) or by imprisonment for a term not…