2009 Kentucky Revised Statutes CHAPTER 161 SCHOOL EMPLOYEES -- TEACHERS' RETIREMENT AND TENURE 161.310 Administrative regulations -- Rules, regulations, and policies of participating employers to conform to chapter -- Retirement incentives.
Page 1 of 1
161.310 Administrative regulations -- Rules, regulations, and policies of
participating employers to conform to chapter -- Retirement incentives.
(1) The board of trustees shall from time to time promulgate administrative regulations
for the administration of the funds of the retirement system and for the transaction <br>of business.
(2) All rules, regulations, or policies adopted by school districts, universities, or other
employers participating in the Teachers' Retirement System that pertain to the <br>retirement system shall conform to this chapter.
(3) All rules, regulations, or policies adopted, or decisions made, by school districts,
universities, or other employers participating in the Teachers' Retirement System <br>that pertain to retirement incentives for members as defined in KRS 161.220(4) <br>shall contain provisions for the school district, university, or other employer to <br>make full payment to the retirement system at the time a member retires for all <br>actuarial obligations that occur to the retirement system as a result of retirement <br>incentive payments. Any payment made by the employer to a member on the <br>condition that the member terminate employment with the employer shall be <br>deemed a retirement incentive for purposes of this subsection if the member retires <br>within six (6) months following the member's termination in employment. This <br>subsection shall not apply to retirement incentive plans adopted by local boards of <br>education prior to December 31, 1997, and to those employees of local school <br>districts who retired on or before July 1, 1998.
Effective: July 1, 2008 <br>History: Amended 2008 Ky. Acts ch. 78, sec. 3, effective July 1, 2008. -- Amended
2002 Ky. Acts ch. 275, sec. 5, effective July 1, 2002. -- Amended 1998 Ky. Acts <br>ch. 515, sec. 3, effective July 1, 1998. -- Amended 1994 Ky. Acts ch. 369, sec. 2, <br>effective July 1, 1994. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, <br>sec. 490, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. sec. 4506b-11.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
