- Section 161.220 - [Effective Until 7/1/2022] Definitions for KRS 161.220 to 161.716 and 161.990
- Section 161.220 - [As Amended by2022 Ky. Acts ch. 213][Effective 7/13/2022] Definitions for KRS 161.220 to 161.716 and 161.990
- Section 161.220 - [As Amended by2022 Ky. Acts ch. 236][Effective 7/1/2022] Definitions for KRS 161.220 to 161.716 and 161.990
- Section 161.230 - Retirement system - Purpose - Name
- Section 161.235 - [Repealed]
- Section 161.240 - Repealed
- Section 161.250 - Board of trustees to control retirement - Membership - Appeals -Trustee education program - Public disclosure of best practices model -Administrative regulations for authorized benefit improvements
- Section 161.260 - Election of members of board of trustees
- Section 161.270 - Vacancies, how filled
- Section 161.280 - Oath of board members
- Section 161.290 - Meetings, compensation, and expenses of board members
- Section 161.300 - Quorum
- Section 161.310 - Administrative regulations - Rules, regulations, and policies of participating employers to conform to chapter - Retirement incentives
- Section 161.320 - Record of proceedings - Annual report
- Section 161.330 - Cost of administration, how paid - Office space
- Section 161.340 - Officers of board - Personnel of system - Contracting for services and commodities - Liability insurance - Leave balances
- Section 161.350 - Repealed
- Section 161.360 - Repealed
- Section 161.370 - Treasurer, auditor, and legal adviser of board - Annual audit of Teachers' Retirement System
- Section 161.380 - Duties of treasurer - Custodian of securities
- Section 161.390 - Actuarial data to be kept
- Section 161.400 - [Effective Until ninety days after adjournment] Duties of actuary - Actuarial investigations, valuations, and analyses
- Section 161.400 - [Effective ninety days after adjournment] Duties of actuary - Actuarial investigations, valuations, and analyses
- Section 161.410 - Repealed
- Section 161.420 - Funds of retirement system. (Declared void - See LRC Note Below
- Section 161.430 - Investment of funds - Standards of conduct - Investment procurement policy
- Section 161.440 - Assignment of interest to funds
- Section 161.450 - Repealed
- Section 161.460 - Conflict of interest - Trustees, employees, members of General Assembly, public servants
- Section 161.470 - Membership - Forfeiture of service credit - Termination of membership - Forfeiture of benefits - Reinstatement - Payment of accumulated account balance
- Section 161.480 - Statement of member - Designation of beneficiaries
- Section 161.490 - Investigation of statement
- Section 161.500 - Service credit
- Section 161.505 - Repealed
- Section 161.507 - Prior service credit for veterans - Credit for military service and uniformed service by active contributing member.
- Section 161.510 - Repealed
- Section 161.515 - Out-of-state service credit - Contribution - Kentucky Peace Corps and federal Peace Corps service credit - Factor for members employed by universities and colleges - Factor for other members - Limited application to individuals who become members on or after January 1, 2019. (Declared void - See LRC Note Below
- Section 161.516 - Repealed
- Section 161.520 - Payment of survivor's benefit on death
- Section 161.522 - Survivors of certain members retired for disability may elect annuity
- Section 161.525 - Death of member eligible to retire - Options of beneficiary - Monthly minimum allowance to surviving spouse of individual who becomes member before January 1, 2019.
- Section 161.530 - Restoration of forfeited account - Exception
- Section 161.540 - Members' contributions - Picked - up contributions
- Section 161.545 - Contributions and service credit for substitute service, part - time service, or leave of absence - Contributions not to be picked up - Purchases of service credit for leaves of absence for health, child - rearing, and educational improvement reasons
- Section 161.546 - Repealed
- Section 161.5461 - Purchase of service credit with rolled-over or transferred retirement funds
- Section 161.5465 - Member with twenty years' service credit may purchase five years' service credit - Exceptions
- Section 161.547 - Member having service as legislator may purchase four years' credit in the retirement system
- Section 161.548 - Purchase of service credit by individual who served in a regional community program for mental health and individuals with an intellectual disability
- Section 161.549 - Purchase of service credit by individual who was employed at a Federal Head Start agency
- Section 161.550 - Contribution to system by employers and state - Contributions to pension and life insurance funds.
- Section 161.553 - Funding of past statutory benefit improvements - Schedules for appropriations - Cost-of-living increases - Feasibility study of employer contribution rate stabilization
- Section 161.555 - Employer contributions for members employed in positions established under federal educational acts
- Section 161.556 - Employer contributions for members employed by regional educational cooperatives
- Section 161.560 - Deduction and forwarding of teachers' contributions - Reporting requirements - Picked - up employee contributions - Correction of omitted member contributions
- Section 161.565 - Reduction and pick-up of contributions by university faculty members
- Section 161.567 - Authorization for optional retirement plan for designated employees of certain public universities
- Section 161.568 - Eligibility to participate in optional retirement plan - Election to change from optional retirement plan to Kentucky Teachers' Retirement System
- Section 161.569 - Effect of election to participate - Payment of benefits - Taxation and attachment of benefits - Employer contributions
- Section 161.570 - Repealed
- Section 161.580 - Individual accounts to be kept - Other data - Summary plan description - Publication - Recipients.
- Section 161.585 - Member's account confidential - Release of certain information from accounts of current or former legislators - Medical records on file confidential - Production of records in response to a subpoena or court order.
- Section 161.590 - Service credit at retirement
- Section 161.595 - Credit upon service retirement
- Section 161.597 - Installment payments for purchase of service credit by active contributing members
- Section 161.600 - Retirement conditions for individual who became member before January 1, 2019 - Consolidation of accounts - Applications and forms - Surviving spouse.
- Section 161.603 - Repealed
- Section 161.605 - Resumption of employment by retired member - Continuation of retirement allowance - Individuals who retire and are reemployed - Waiver of annuity - Part - time, substitute teaching, and nonteaching employment
- Section 161.607 - Employment in position covered by other Kentucky retirement system
- Section 161.608 - Computation of benefits of member who has an account with another state system
- Section 161.610 - Repealed
- Section 161.611 - Supplemental retirement benefit plan - Purpose - Administration - Eligibility - Payments
- Section 161.612 - Membership of individuals providing part - time and substitute services - Service credit - Participation in benefits
- Section 161.614 - Court-ordered back salary and reinstatement
- Section 161.615 - Limited defined contribution plan - Purpose - Administration - Eligibility - Payments
- Section 161.620 - Retirement allowances for university and nonuniversity retirees - Amount - Increases - Payments for adult dependents
- Section 161.623 - Use of unused sick-leave days to determine service credit - Applicability to individuals becoming members on or after July 1, 2008 - Maximum amount -Limitation of program on and after August 1, 2018.
- Section 161.624 - Responsibilities of members
- Section 161.625 - Repealed
- Section 161.630 - Benefit options - Change in benefit option by retiree - Beneficiary redesignation after retirement
- Section 161.633 - Foundational component for persons who became nonuniversity members on or after January 1, 2022 - Valuation assessment - Adjustments to maintain funding level and contain costs - Construction
- Section 161.634 - Foundational component for persons who became university members on or after January 1, 2022 - Valuation assessment - Adjustments to maintain funding level and contain costs - Construction
- Section 161.635 - Supplemental component for persons who became nonuniversity members on or after January 1, 2022 - Benefit - Contributions - Election upon termination of employment and upon retirement - Plans authorized under Internal Revenue Code
- Section 161.636 - Supplemental component for persons who became university members on or after January 1, 2022 - Benefit - Contributions - Election upon termination of employment and upon retirement - Plans authorized under Internal Revenue Code
- Section 161.640 - Payment of annuities - Payroll deductions - Electronic fund transfer, exception
- Section 161.643 - Records and annual reports for annuitants employed by school districts or agencies - Penalty for noncompliance - System may require more frequent reporting
- Section 161.650 - [As Amended by2021Ky. Acts ch.157] Death of retired member - Payment to beneficiaries - Effect of divorce decree - Failure to designate beneficiary
- Section 161.655 - [As Amended by2021Ky. Acts ch.157]Life insurance benefit for individuals who became members before January 1, 2019 - Assignment of benefit
- Section 161.660 - Repealed
- Section 161.661 - [As Amended by2021Ky. Acts ch.157] Disability retirement
- Section 161.662 - Status of disabled teachers and superintendents
- Section 161.663 - Disability retirement with less than required years of service
- Section 161.670 - Repealed
- Section 161.675 - Hospital and medical benefits and health insurance coverage for eligible 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 tax
- Section 161.677 - Kentucky Teachers' Retirement System insurance trust fund
- Section 161.680 - Mistake in payment - Correction of error - Collection of overpayments
- Section 161.690 - Falsifying record prohibited
- Section 161.695 - Use and acceptance of electronic signatures
- Section 161.700 - Funds exempt from taxation and process - Taxability after December 31, 1997 - Benefits not considered marital property.
- Section 161.705 - Repealed
- Section 161.710 - Local system merged with state system
- Section 161.712 - Repealed
- Section 161.714 - Inviolable contract
- Section 161.715 - Repealed
- Section 161.716 - Federal laws take precedence over Kentucky statutes pertaining to Teachers' Retirement System