Title XIII, Education

to be deposited into state accumulation fund when medical insurance fund reaches actuarial funding level of at least one hundred percent -- Restoration of funding. (1) As used in this section: (a) "Funding level" means the actuarial value of assets divided by the actuarially accr…

under federal educational acts. Each employer employing members of the Teachers' Retirement System in positions established under educational acts adopted by the federal Congress shall contribute to the Teachers' Retirement System an amount equal to that contributed by the member…

cooperatives. Each regional educational cooperative referred to in KRS 161.220(4)(e) employing members of the Teachers' Retirement System shall have the employer contributions provided in the same manner as for members employed by local boards of education.

requirements -- Picked-up employee contributions -- Correction of omitted member contributions. (1) (a) Each agency, school district, and institution employing members of the retirement system shall deduct from the compensation of each member for each payroll period subsequent to…

Notwithstanding any other provisions of KRS Chapter 161, the contribution of university faculty members may be reduced by amounts up to two and two hundred fifteen thousandths percent (2.215%) if amounts sufficient to replace the reduction are authorized and contributed to the Te…

certain public universities. (1) An optional retirement plan is hereby authorized for designated employees of public postsecondary education institutions who are also eligible for membership in the Kentucky Teachers' Retirement System under KRS 161.220(4)(b) and 161.470(1). The p…

from optional retirement plan to Kentucky Teachers' Retirement System. (1) Eligibility to participate in the optional retirement plan shall be determined by the board of regents of each of the state public postsecondary education institutions identified in KRS 161.220(4)(b). The …

attachment of benefits -- Employer contributions. (1) Any person electing to participate in the optional retirement plan shall be ineligible for membership in the regular retirement plan of the Kentucky Teachers' Retirement System for as long as the participant is employed in a p…

- Publication -- Recipients. (1) The board of trustees shall provide for the maintenance of an individual account for each member showing the amount of the member's accumulated account balance. Such individual accounts shall be identified in the records of the system by name, dat…

accounts of current or former legislators -- Medical records on file confidential -- Production of records in response to a subpoena or court order. (1) Each member's or annuitant's account shall be administered in a confidential manner, and specific data regarding a member or an…

(1) At retirement the total service credited to a teacher shall consist of prior and subsequent service rendered by him or her for which service credit has been allowed. (2) Kentucky service, presented at the time of retirement, may not be used in calculating benefits under KRS 1…

(1) Upon service retirement, a member of the Teachers' Retirement System may obtain credit for all or any part of the service otherwise creditable under the Kentucky Employees Retirement System, the County Employees Retirement System, or in the service of the United States govern…

members. (1) A member in active contributing status may purchase any service credit which the member is authorized to purchase by making installment payments in lieu of a lump-sum payment. (2) To initiate an installment payment plan, a member shall make a written request to the r…

forms -- Surviving spouse. (1) An individual who becomes a member of the retirement system prior to January 1, 2022, may qualify for service retirement by meeting one (1) of the following requirements: (a) Attainment of age sixty (60) years and completion of five (5) years of Ken…

retirement allowance -- Individuals who retire and are reemployed -- Part- time, substitute teaching, and nonteaching employment -- Health insurance coverage. Any member retired by reason of service may return to work in a position covered by the Kentucky Teachers' Retirement Sys…

(1) Any member of the Teachers' Retirement System who enters employment covered by the Kentucky Employees Retirement System, the State Police Retirement System, or the County Employees Retirement System, prior to July 1, 1976, may retain membership in the Teachers' Retirement Sys…

system. The provisions of KRS 61.680 are hereby recognized and shall be followed in calculating benefits of any member of the Teachers' Retirement System who also has an account with the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Ret…

Eligibility -- Payments. (1) The board of trustees is authorized to provide a supplemental retirement benefit plan for the sole purpose of enabling the employer to apply the same formula for determining benefits payable to all members of the retirement system employed by the empl…

Service credit -- Participation in benefits. Effective July 1, 2002, any individual occupying a position on a part-time basis that requires certification or graduation from a four (4) year college or university as a condition of employment and any individual providing part-time o…

A court order awarding additional back salary to or reinstating a member as a result of employment in a position covered by the Teachers' Retirement System shall entitle the member to additional salary or service credit, or both, under the following circumstances: (1) Members sha…

Eligibility -- Payments. (1) The board of trustees is authorized to implement a limited defined contribution plan for the sole purpose of providing retirement allowance payments for retired members who have been approved by the retirement system for full-time reemployment as prov…

-- Increases -- Payments for adult dependents. (1) The retirement allowance, in the form of a life annuity with refundable balance, of a member retiring for service shall be calculated as follows: (a) For retirements effective July 1, 1998, and thereafter, except as otherwise pro…

individuals becoming members on or after July 1, 2008 -- Maximum amount. (1) Effective July 1, 1982, and thereafter, a district board of education or other employer of members of the Teachers' Retirement System may compensate, at the time of retirement for service, an active cont…

The employees of the Teachers' Retirement System shall endeavor to provide full and complete information to all inquiries presented by members or beneficiaries of members. The members or beneficiaries of the members shall assume full responsibility for obtaining adequate and suff…

redesignation after retirement. (1) (a) A member, upon retirement, shall receive a retirement allowance in the form of a life annuity, with refundable balance, as provided in KRS 161.620, unless an election is made before the effective date of retirement to receive actuarially eq…

on or after January 1, 2022 -- Valuation assessment -- Adjustments to maintain funding level and contain costs -- Construction. (1) Individuals who become nonuniversity members of the Teachers' Retirement System on or after January 1, 2022, shall be provided a foundational plan, …

or after January 1, 2022 -- Valuation assessment -- Adjustments to maintain funding level and contain costs -- Construction. (1) Individuals who become university members of the Teachers' Retirement System on or after January 1, 2022, shall be provided a foundational plan, which …

on or after January 1, 2022 -- Benefit -- Contributions -- Election upon termination of employment and upon retirement -- Plans authorized under Internal Revenue Code. (1) An individual who becomes a nonuniversity member of the Teachers' Retirement System on or after January 1, 2…

or after January 1, 2022 -- Benefit -- Contributions -- Election upon termination of employment and upon retirement -- Plans authorized under Internal Revenue Code. (1) An individual who becomes a university member of the Teachers' Retirement System on or after January 1, 2022, s…

exception -- Payments to special needs trust. (1) Retirement annuities shall be payable monthly. The first payment to an annuitant shall be made at the payment date at the end of one (1) full payment period after his retirement and shall consist of one (1) regular monthly payment…

agencies -- Penalty for noncompliance -- System may require more frequent reporting. (1) Each school district, institution, and agency employing annuitants of the retirement system shall have on file at the retirement system's office an annual summary report of the days employed …

decree -- Failure to designate beneficiary. (1) In the case of death of a member who has retired by reason of service or disability, any portion of the member's accumulated contributions, including member contributions to the state accumulation fund and regular interest to the da…

(1) Effective July 1, 2000, the Teachers' Retirement System shall: (a) Provide a life insurance benefit in a minimum amount of five thousand dollars ($5,000) for its members who are retired for service or disability, except that the minimum amount for an individual who becomes a …

(1) (a) Any member who is accredited by the Teachers' Retirement System for five (5) or more years of service in Kentucky after July 1, 1941, may retire for disability and be granted a disability allowance if found to be eligible as provided in this section. Application for disab…

(1) Teachers and superintendents with continuing status who retire because of disability shall, notwithstanding provisions of KRS 161.720 to 161.810 to the contrary, retain continuing status in the school district from which they retired for twenty-four (24) calendar months from …

Any active contributing member with less than five (5) years of Kentucky service may apply and be approved for disability retirement under KRS 161.661 if the member is found to be mentally or physically incapacitated as a result of an injury related directly to their covered empl…

recipients of retirement allowances from Teachers' Retirement System -- Applicability to individuals becoming members on or after July 1, 2008 -- Health insurance supplement payments -- Coverage for spouses, dependents, and disabled children of retirees -- Exemption from premium …

(1) (a) The Kentucky Teachers' Retirement System insurance trust fund is hereby created. All assets received in the trust fund shall be deemed trust funds to be held and applied solely as provided in this section. Assets of the trust fund shall not be used for any other purpose a…

(1) If any change or error in a record results in any individual receiving from the retirement system more or less than the individual was entitled to receive as determined by the board of trustees or staff of the Teachers' Retirement System, the board of trustees or staff shall,…

No person shall knowingly make any false statement, nor shall any person falsify or permit to be falsified any record of the retirement system in an attempt to defraud the system.

(1) Notwithstanding any provision of KRS 161.220 to 161.716 to the contrary, the Teachers' Retirement System may, when it deems appropriate, use and accept electronic signatures on any retirement system document, and for any reason that the retirement system would otherwise requi…

special needs trust -- Taxability after December 31, 1997 -- Benefits not considered marital property -- Qualified domestic relations order. (1) Except as otherwise provided by this section and KRS 161.655(5), the right of a member to a retirement allowance and to the return of c…

(1) The local retirement systems merged with the state retirement system under the provisions of 1938 Ky. Acts (1st Ex. Sess.), ch. 1, sec. 49, shall be discontinued. The payment of all benefits to members on the retired roll at the time of discontinuance shall become the obligat…

It is hereby declared that in consideration of the contributions by members and in further consideration of benefits received by the state from the member's employment, KRS 161.220 to 161.710 shall constitute, except as provided in KRS 6.696, an inviolable contract of the Commonw…

Teachers' Retirement System. In the event that federal laws are in conflict with the Kentucky Revised Statutes pertaining to the Teachers' Retirement System, federal laws shall take precedence. When necessary to comply with federal laws, the board of trustees may defer or stop pa…

(1) The term "teacher" for the purpose of KRS 161.730 to 161.810 shall mean any person for whom certification is required as a basis of employment in the public schools of the state, with the exception of the superintendent. (2) The term "year" as applied to terms of service mean…