4 chapters · 410 sections in this title.
KRS § 61.645 Kentucky Retirement Systems board of trustees -- Powers -- Members -- Chief executive officer, general counsel, and other employees -- Appeals -- Other duties -- Limitation on Governor's authority -- Annual Comprehensive Financial Report -- Trustee education program -- Information made available to public
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Chief executive officer, general counsel, and other employees -- Appeals -- Other duties -- Limitation on Governor's authority -- Annual Comprehensive Financial Report -- Trustee education program -- Information made available to public. (1) The Kentucky Employees Retirement Syst…
KRS § 61.646 Transfer of administration of County Employees Retirement System from Kentucky Retirement Systems board of trustees to County Employees Retirement System board of trustees established in KRS 78.782 -- Intent to enact future legislation
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Kentucky Retirement Systems board of trustees to County Employees Retirement System board of trustees established in KRS 78.782 -- Intent to enact future legislation. (Effective April 1, 2021) (1) Effective April 1, 2021: (a) Except as provided by KRS 61.505, the administration o…
KRS § 61.650 Board is trustee of funds -- Investment committee -- Standards of conduct -- Registration of securities -- Control over assets in custodial account -- Application of open records law -- Cap on amount of assets managed by any one investment manager -- Investment procurement policy -- Proxy voting guidelines
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Registration of securities -- Control over assets in custodial account -- Application of open records law -- 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 …
KRS § 61.652 Administration of all excess benefit plans -- Participation in plan -- Determination of benefit amount -- Required contribution of plans
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Determination of benefit amount -- Required contribution of plans. (1) The Kentucky Employees Excess Benefit Plan established in KRS 61.663 and the State Police Excess Benefit Plan established in KRS 16.568 shall be administered by the board of trustees of the Kentucky Retirement…
KRS § 61.655 Conflict of interest -- Trustees, employees, members of General Assembly, public servants
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Assembly, public servants. (1) No trustee or employee of the Kentucky Retirement Systems board shall: (a) Have any interest, direct or indirect, in the gains or profits of any investment or any other legal, business, or financial transaction made by the board, save insofar as any…
KRS § 61.660 Custodian of funds -- Cash and securities
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(1) The State Treasurer shall be the custodian of the funds received under authority of KRS 61.510 to 61.705, 16.510 to 16.652 and 78.510 to 78.852 and shall be responsible for the safekeeping of all cash and securities in his custody. All payments from the fund shall be made by …
KRS § 61.661 Member's account confidential -- Release of certain information from accounts of current or former legislators -- Response to subpoenas
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accounts of current or former legislators -- Response to subpoenas. (1) (a) Each current, former, or retired member's account shall be administered in a confidential manner, and specific data regarding a current, former, or retired member shall not be released for publication, ex…
KRS § 61.663 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 Kentucky Employees Retirement System Excess Benefit Plan. The plan is created for the purpose of providing the retirement allowances payable from the retirement system under KRS 61.515 to 61.705 that …
KRS § 61.665 Medical examiners -- Ruling on disability retirement -- Appeal
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(1) The Authority shall employ or contract for the services of at least three (3) physicians, licensed in the state and not members of the system, upon terms and conditions it prescribes to serve as medical examiners, whose duty it shall be to pass upon all medical examinations r…
KRS § 61.670 Duties of board -- Actuarial tables, valuations, investigations, and analyses -- Audit -- Actuary for Legislative Research Commission
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- Audit -- Actuary for Legislative Research Commission. (1) (a) As soon as practicable after its organization, the board shall adopt the actuarial tables necessary for the administration of the system and for the annual determination of actuarial assets and liabilities of the sys…
KRS § 61.675 Employer's administrative duties -- Audit -- Filing of contributions and reports -- Delinquency in making installment payments
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reports -- Delinquency in making installment payments. (1) Except as provided by subsection (5) of this section, the employer shall prepare the records and, from time to time, shall furnish the information the system may require in the discharge of its duties. Upon employment of …
KRS § 61.680 Consent of employees to deductions -- Consolidation for determination of eligibility and determination of benefits -- Waiver -- Choice among retirement systems -- Reciprocal arrangements
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determination of eligibility and determination of benefits -- Waiver -- Choice among retirement systems -- Reciprocal arrangements. (1) Prior to August 1, 1982, every employee shall be deemed to consent and agree to any deduction from his or her compensation required by KRS 6.500…
KRS § 61.685 Records -- Audits -- Authority's enforcement powers -- Limitation of liability -- Fraudulent claims to obtain benefits -- Investigation, enforcement, and penalties
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liability -- Fraudulent claims to obtain benefits -- Investigation, enforcement, and penalties. (1) (a) Notwithstanding the provisions of KRS Chapter 413, upon discovery of any error or omission in system records, the Authority shall correct all system records, including but not …
KRS § 61.690 Exemption of retirement allowances -- Taxability after December 31, 1997 -- Domestic relations orders
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- Domestic relations orders. (1) (a) Except as otherwise provided by this section and KRS 61.705(4), all retirement allowances and other benefits accrued or accruing to any person under the provisions of KRS 61.510 to 61.705, 16.505 to 16.652, and 78.510 to 78.852, and the accumu…
KRS § 61.691 Increase of benefits
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(1) Effective August 1, 1996, to July 1, 2008, a recipient of a retirement allowance under KRS 16.505 to 16.652 and 61.510 to 61.705 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 …
KRS § 61.692 Benefits not to be reduced or impaired for members who began participating before January 1, 2014 -- Exceptions -- Amendment of benefits and rights
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participating before January 1, 2014 -- Exceptions -- Amendment of benefits and rights. (1) For members who begin participating in the Kentucky Employees Retirement System prior to January 1, 2014, it is hereby declared that in consideration of the contributions by the members an…
KRS § 61.695 Repealed, 1972
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Catchline at repeal: Alteration, amendment or repeal.
KRS § 61.699 System's ability to require statements under oath
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(1) Any person, including, but not limited to, members and agency reporting officials, who makes a statement, report, or representation, shall, at the request of the system, make the statement, report, or representation under oath with an acknowledgment that a false statement, re…
KRS § 61.700 Repealed, 1975
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Catchline at repeal: False statements or falsification of records -- Penalty.
KRS § 61.701 Kentucky Retirement Systems insurance trust fund -- Purpose -- Participation, regulation, and termination
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Participation, regulation, and termination. (1) (a) There is hereby maintained a trust fund known as "Kentucky Retirement Systems insurance trust fund." (b) Insurance trust fund assets shall be deemed trust funds to be held and applied solely as provided in this section. Assets s…
KRS § 61.702 Group hospital and medical insurance plan -- Inclusion in Kentucky Employees Health Plan -- Employee and employer contributions -- Minimum service requirements -- Members with service in other retirement systems -- Exemption from premium tax -- Administrative regulation
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Employees Health Plan -- Employee and employer contributions -- Minimum service requirements -- Members with service in other retirement systems -- Exemption from premium tax -- Administrative regulation. (1) For purposes of this section: (a) "Hospital and medical insurance plan"…
KRS § 61.703 Collection of benefit less than $1,000 by surviving relative
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(1) Upon the death of a member, retiree, or recipient who has an existing account or other benefit in a retirement system administered by the Kentucky Retirement Systems that totals no more than one thousand dollars ($1,000), the surviving spouse, or if none, a surviving child, o…
KRS § 61.705 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 Kentucky Employees Retirement System or State Police Retirement System who was receiving a monthly retirement allowance based on a minimum of forty-eight (48) months of service or whose retirement allowance …
KRS § 61.706 Kentucky Retirement Systems unfunded liability trust fund
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(1) The Kentucky Retirement Systems unfunded liability trust fund is created and shall be administered by the Finance and Administration Cabinet. (2) (a) The trust fund shall consist of: 1. Contributions, gifts, and donations; 2. Any moneys designated by the General Assembly for …
KRS § 61.710 Persons subject to KRS 61.710 to 61.780
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(1) KRS 61.710 to 61.780 apply to Justices and Judges of the Court of Justice, Commonwealth's attorneys, and all candidates for all those offices. KRS 61.710 to 61.780 also apply to a person appointed to a vacancy in an unexpired term of any office mentioned above. (2) KRS 61.710…
KRS § 61.720 Definitions
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As used in KRS 61.710 to 61.780: "Financial interest" means an economic interest in the form of stocks, bonds, realty, equity or credit or interests in a corporation, proprietorship or partnership or otherwise.
KRS § 61.730 Date for filing reports
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Each person subject to KRS 61.710 to 61.780, while holding office or employment, shall file with the Kentucky Registry of Election Finance, by March 15 of each year, the written report required by KRS 61.740. Each person who is a candidate for any of the subject offices shall fil…
KRS § 61.740 Information required to be filed
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(1) Persons required to file information under KRS 61.710 to 61.780 shall file with the Registry of Election Finance the following: (a) A description of each financial interest, direct or indirect, of a value of $1,000 or greater of himself, his spouse and his dependents, and his…
KRS § 61.750 Reports are public records -- Publication of names of persons failing to file
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Reports required by KRS 61.710 to 61.780 shall be filed with the Kentucky Registry of Election Finance and shall be public record, subject to inspection by any citizen of the Commonwealth. Within thirty (30) days after reports are due, the Registry of Election Finance shall publi…
KRS § 61.760 Registry may appoint employees, adopt regulations, hold hearings
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(1) The Registry of Election Finance shall appoint such employees as are necessary to provide the service to carry out all purposes of KRS 61.710 to 61.780, including an attorney or attorneys on a full or part-time basis. (2) The registry shall adopt such regulations and official…
KRS § 61.770 Registry may institute action to declare vacancy upon determination violation occurred
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violation occurred. The office or candidacy of any person required by KRS 61.710 to 61.780 to file a report who fails to file the report required by KRS 61.710 to 61.780 within thirty (30) days after receipt of the registry's notice of noncompliance provided in KRS 61.750 or will…
KRS § 61.780 Construction
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Nothing contained in KRS 61.710 to 61.780 shall be construed so as to cause any person to violate the provisions of KRS 421.210.
KRS § 61.782 Repealed, 1992
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Catchline at repeal: Financial Disclosure Review Commission created.
KRS § 61.784 Repealed, 1992
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Catchline at repeal: Membership -- Appointment -- Terms -- Compensation -- Executive director.
KRS § 61.786 Repealed, 1992
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Catchline at repeal: Officers subject to review.
KRS § 61.788 Repealed, 1992
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Catchline at repeal: Submission of information by officers -- Form -- Questioning by commission -- Meetings of commission.
KRS § 61.790 Repealed, 1992
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Catchline at repeal: Information held confidential.
KRS § 61.791 Definitions for KRS 61.791 to 61.799
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As used in KRS 61.791 to 61.799: (1) "Nonprofit organization" means an organization that: (a) Is exempt from federal income tax under Section 501(c) of the Internal Revenue Code; (b) Has submitted an application with the Internal Revenue Service for recognition of an exemption un…
KRS § 61.793 Prohibition against disclosure of personal information
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(1) Notwithstanding any law to the contrary, and subject to the exemptions described in KRS 61.795, a public agency shall not: (a) Require any individual or nonprofit organization to provide the public agency with personal information or otherwise compel the release of personal i…
KRS § 61.795 Exemptions to prohibition against disclosure of personal information
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(1) KRS 61.791 to 61.799 shall not preclude: (a) Any report related to campaign financing required by: 1. KRS 121.140; 2. KRS 121.150; 3. KRS 121.160; 4. KRS 121.170; 5. KRS 121.172; 6. KRS 121.180; 7. KRS 121.210; or 8. KRS 121.230; (b) A response to any lawful warrant for perso…
KRS § 61.797 Civil action for violation -- Damages
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(1) A person alleging a violation of KRS 61.791 to 61.799 may bring a civil action for appropriate injunctive relief, damages, or both. Damages awarded under this section may include one (1) of the following, as appropriate: (a) A sum of money that reflects the actual damages cau…
KRS § 61.799 Severability clause
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If any provision of KRS 61.791 to 61.799 or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of KRS 61.791 to 61.799 that can be given effect without the invalid provision or application, and t…
KRS § 61.7991 Definitions -- Written request -- Prohibition of disclosure of identifiable information of judicial officers and immediate family -- Civil action
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information of judicial officers and immediate family -- Civil action. (1) As used in this section: (a) "Covered person" means a judicial officer or an immediate family member of a judicial officer; (b) "Disclose" means to post, display, publish, or otherwise make publicly availa…
KRS § 61.800 Legislative statement of policy
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The General Assembly finds and declares that the basic policy of KRS 61.805 to 61.850 is that the formation of public policy is public business and shall not be conducted in secret and the exceptions provided for by KRS 61.810 or otherwise provided for by law shall be strictly co…
KRS § 61.805 Definitions for KRS 61.805 to 61.850
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As used in KRS 61.805 to 61.850, unless the context otherwise requires: (1) "Meeting" means all gatherings of every kind, including video teleconferences, regardless of where the meeting is held, and whether regular or special and informational or casual gatherings held in antici…
KRS § 61.810 Exceptions to open meetings
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(1) All meetings of a quorum of the members of any public agency at which any public business is discussed or at which any action is taken by the agency, shall be public meetings, open to the public at all times, except for the following: (a) Deliberations for decisions of the Ke…
KRS § 61.815 Requirements for conducting closed sessions
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(1) Except as provided in subsection (2) of this section, the following requirements shall be met as a condition for conducting closed sessions authorized by KRS 61.810: (a) Notice shall be given in regular open meeting of the general nature of the business to be discussed in clo…
KRS § 61.820 Schedule of regular meetings to be made available
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(1) All meetings of all public agencies of this state, and any committees or subcommittees thereof, shall be held at specified times and places which are convenient to the public. In considering locations for public meetings, the agency shall evaluate space requirements, seating …
KRS § 61.823 Special meetings -- Emergency meetings
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(1) Except as provided in subsection (5) of this section, special meetings shall be held in accordance with the provisions of subsections (2), (3), and (4) of this section. (2) The presiding officer or a majority of the members of the public agency may call a special meeting. (3)…
KRS § 61.825 Repealed, 1992
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Catchline at repeal: Requirements for holding special meetings.