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21.530 Coordination of Legislators' Retirement and Judicial Retirement Plans --
Board.
For administrative purposes only, as hereinafter provided, the Legislators' Retirement <br>Plan and the Judicial Retirement Plan shall be coordinated under the name, Judicial Form <br>Retirement System, but each of the plans shall maintain its separate identity. A board of <br>trustees of that system hereby is created, to consist of eight (8) members, three (3) of <br>whom shall be appointed by the Supreme Court, two (2) by the Governor, one (1) by the <br>President of the Senate, one (1) by the Speaker of the House of Representatives, and one <br>(1) by the president and speaker jointly. The appointments by the Governor shall not be <br>from among the members of either of the plans in the system, or from among the persons <br>drawing benefits from either of those plans. The members of the board shall serve for <br>terms of four (4) years, commencing as of July 1, 1980, and until their successors are <br>chosen and have qualified; provided that if a member of the board who was a member of <br>one (1) of the plans in the system when he was appointed ceases to be a member of that <br>plan, a vacancy shall thereupon be deemed to exist in his position on the board; and <br>provided further, that the members of the Judicial Retirement Board in office on July 1, <br>1980, shall serve for the remainder of the terms for which they were appointed, as the <br>members of the board created by this section, in the positions appointable by the Supreme <br>Court and the Governor. Vacancies shall be filled by the appointing authority for the <br>unexpired term. The members shall annually elect a chairman. Gubernatorial appointees, <br>and judicial and legislative appointees who do not receive an annual salary from the State <br>Treasury in another capacity shall receive an amount equal to the per diem compensation <br>paid to members of the General Assembly for each day they are in session. All members <br>shall be reimbursed for their necessary expenses.
Effective: June 24, 2003 <br>History: Amended 2003 Ky. Acts ch. 128, sec. 5, effective June 24, 2003. -- Amended
2000 Ky. Acts ch. 448, sec. 3, effective July 14, 2000. -- Amended 1994 Ky. Acts <br>ch. 486, sec. 16, effective July 15, 1994. -- Created 1980 Ky. Acts ch. 407, sec. 19, <br>effective July 1, 1980.
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