KENTUCKY EMPLOYEES RETIREMENT SYSTEM

Section 61.510 - Definitions for KRS 61.510 to 61.705
Section 61.515 - Retirement system established - Fund created
Section 61.520 - Participation determined by board and fixed by executive order - Authority for order
Section 61.521 - [Repealed]
Section 61.522 - Definitions - Voluntary and involuntary cessation of participation by employer in retirement system - Effects of on employees, employers, and system - Statutes and administrative regulations that prevail regarding participation
Section 61.523 - Cessation of participation by employer in retirement system and establishment of a governmental plan - Effects of on employees and employers - No legislative determination that employer ceasing to participate is a "governmental agency"
Section 61.525 - Membership
Section 61.526 - Employee and employer may file statement of facts at retirement office - Procedures for verification
Section 61.527 - Extension of system to include police court judges and their present and future survivors covered as of December 31, 1977, under retirement plans established by cities of second or third class - Procedure for transfer of coverage to state system
Section 61.530 - Nonelection of membership - Penalty
Section 61.535 - Cessation of membership - Conditions - Forfeiture of retirement benefits
Section 61.540 - Statement of member and employer - Summary plan description
Section 61.541 - Creditable compensation of fee officers
Section 61.542 - Designation of principal and contingent beneficiaries - Rights - Effects of change in certain conditions - Designation following cessation of membership
Section 61.543 - Deduction or pick-up of employee contributions - Service credit - Educational leave
Section 61.545 - Service credit determination - Division of service credit
Section 61.546 - Sick leave for employees who began participating before January 1, 2014
Section 61.547 - Transfer of annual and sick leave balances by employees
Section 61.550 - Cessation of membership - Loss of allowance and benefits
Section 61.552 - Credit for service - Purchases and grants
Section 61.5525 - [Repealed]
Section 61.553 - Service credit - Police
Section 61.554 - [Repealed]
Section 61.555 - [Repealed]
Section 61.557 - Service credit - United States employment service
Section 61.558 - [Repealed]
Section 61.559 - Service required for retirement allowance of members who began participating before January 1, 2014
Section 61.560 - Employee's contribution - Rate - Picked-up employee contributions
Section 61.565 - Employer's contributions - Computation of normal cost contribution and accrued liability - Contribution - Notification of change in employer contribution rate - Costs for employer pay credits - Employers to pay full contribution
Section 61.567 - Employer's contributions by credit union
Section 61.569 - Reinstated employee - Contributions on creditable compensation
Section 61.570 - Fund assets
Section 61.575 - Members' account - Interest - Transfer of account balance to retirement allowance account
Section 61.580 - Retirement allowance account
Section 61.585 - [Repealed]
Section 61.590 - Filing of Notification of Retirement and Estimated Retirement Allowance forms - Selection of payment option - Effective date
Section 61.592 - Retirement of persons working in hazardous positions
Section 61.593 - Retirement allowance of former member in hazardous position
Section 61.595 - Annual retirement allowance - Limitations
Section 61.5955 - Election by member participating in KERS, CERS, or SPRS on or after September 1, 2008, but before January 1, 2014 - Participation in hybrid cash balance plan - Private letter ruling - Administrative regulations - Restriction
Section 61.5956 - [Repealed]
Section 61.596 - [Repealed]
Section 61.597 - Hybrid cash balance plan for certain members of Kentucky Employees Retirement System in nonhazardous duty positions - Member contributions and employer pay credits - Interest credits - Termination of employment - Options upon retirement
Section 61.598 - Limitations and exclusions on increases in creditable compensation in last five years of service for employees retiring on or after January 1, 2018 - Exceptions - Employer to pay actuarial costs resulting from certain increases in creditable compensation - Inquiries from employers - Hearing and appeal - Reporting of exemptions - Inapplicability to hybrid cash balance and money purchase plan participants
Section 61.599 - Calculation of retirement allowance for members of Kentucky Employees Retirement System
Section 61.5991 - Quasi-governmental employers participating in KERS - Required reports - Audits - Legislative intent regarding future appropriations to subsidize retirement costs - Non-core services independent contractor
Section 61.600 - Disability retirement
Section 61.605 - Disability retirement allowance
Section 61.607 - Maximum disability benefit - Determination - Combined payments not increased as a result of legislation - Annual report by disability recipient
Section 61.610 - Employment and medical review after disability retirement - Filing of review forms - Duty of system to assist in obtaining records - Disability fraud investigator
Section 61.615 - Vocational experts - Disability retirement allowance - Reduction - Discontinuance - Determinations by medical examiner or vocational expert - Hearings and appeals - Early retirement and reinstatement of disability allowance for member who began participating before January 1, 2014
Section 61.620 - [Repealed]
Section 61.621 - Fred Capps Memorial Act - Eligibility for benefits for duty-related injury - Benefits for surviving spouse and dependent children - Receipt of benefits pending final determination
Section 61.623 - Electronic fund transfer of retirement allowance required - Exceptions
Section 61.625 - Refund of account balance or contributions
Section 61.626 - [Repealed]
Section 61.630 - Death after retirement - Refund of contributions
Section 61.635 - Optional retirement plans
Section 61.637 - Suspension of retirement payments on reemployment - Reinstatement - Recomputation of allowance - Waiver of provisions in certain instances - Reemployment in a different position - Effect of reemployment of retired member - Retired member serving as volunteer, independent contractor, or leased employee - Effect of reelection for same office - Resignation not required of certain mayors and city legislative body members to draw benefits - Certification of absence of prearranged agreement or qualification as independent contractor or leased employee - Forms
Section 61.640 - Death before retirement - Beneficiary's options - Taxable distributions
Section 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
Section 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
Section 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
Section 61.652 - Administration of all excess benefit plans - Participation in plan - Determination of benefit amount - Required contribution of plans
Section 61.655 - Conflict of interest - Trustees, employees, members of General Assembly, public servants
Section 61.660 - Custodian of funds - Cash and securities
Section 61.661 - Member's account confidential - Release of certain information from accounts of current or former legislators - Response to subpoenas
Section 61.663 - Excess benefit plan - Purpose - Excess benefit fund
Section 61.665 - Medical examiners - Ruling on disability retirement - Appeal
Section 61.670 - Duties of board - Actuarial tables, valuations, investigations, and analyses - Audit - Actuary for Legislative Research Commission
Section 61.675 - Employer's administrative duties - Audit - Filing of contributions and reports - Delinquency in making installment payments
Section 61.680 - Consent of employees to deductions - Consolidation for determination of eligibility and determination of benefits - Waiver - Choice among retirement systems - Reciprocal arrangements
Section 61.685 - Records - Audits - Authority's enforcement powers - Limitation of liability - Fraudulent claims to obtain benefits - Investigation, enforcement, and penalties
Section 61.690 - Exemption of retirement allowances - Taxability after December 31, 1997 - Domestic relations orders
Section 61.691 - Increase of benefits
Section 61.692 - Benefits not to be reduced or impaired for members who began participating before January 1, 2014 - Exceptions - Amendment of benefits and rights
Section 61.695 - [Repealed]
Section 61.699 - System's ability to require statements under oath
Section 61.700 - [Repealed]
Section 61.701 - Kentucky Retirement Systems insurance trust fund - Purpose - Participation, regulation, and termination
Section 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
Section 61.703 - Collection of benefit less than $1,000 by surviving relative
Section 61.705 - Death benefit - Designation of beneficiary - Debt owed at death - Assignment of benefit
Section 61.706 - Kentucky Retirement Systems unfunded liability trust fund