2013 Kentucky Revised Statutes CHAPTER 161 - SCHOOL EMPLOYEES -- TEACHERS' RETIREMENT AND TENURE 161.340 Officers of board -- Personnel of system -- Contracting for services and commodities -- Bonds of officers and employees -- Leave balances.
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161.340 Officers of board -- Personnel of system -- Contracting for services
and commodities -- Bonds of officers and employees -- Leave balances.
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(a)
The board of trustees shall elect from its membership a chairperson and
a vice chairperson on an annual basis as prescribed by the administrative
regulations of the board of trustees. The chairperson shall not serve more
than four (4) consecutive years as chairperson or vice chairperson of the
board. The vice chairperson shall not serve more than four (4)
consecutive years as chairperson or vice chairperson of the board. A
trustee who has served four (4) consecutive years as chairperson or vice
chairperson of the board may be elected chairperson or vice chairperson
of the board after an absence of two (2) years from the position.
(b) The board of trustees shall employ an executive secretary by means of a
contract not to exceed a period of four (4) years and fix the compensation
and other terms of employment for this position without limitation of the
provisions of KRS Chapters 18A, 45A, 56, and KRS 64.640. The
executive secretary shall be the chief administrative officer of the board.
The executive secretary, at the time of employment, shall be a graduate
of a four (4) year college or university, and shall possess qualifications as
the board of trustees may require. The executive secretary shall not have
held by appointment or election an elective public office within the five (5)
year period next preceding the date of employment.
The board shall employ clerical, administrative, and other personnel as are
required to transact the business of the retirement system. The compensation
of all persons employed by the board shall be paid at the rates and in amounts
as the board approves. Anything in the Kentucky Revised Statutes to the
contrary notwithstanding, the power over and the control of determining and
maintaining an adequate complement of employees in the system shall be
under the exclusive jurisdiction of the board of trustees.
The board shall contract for actuarial, auditing, legal, medical, investment
counseling, and other professional or technical services, and commodities, as
are required to carry out the obligations of the board in accordance with the
provisions of this chapter without limitations, including KRS Chapters 12, 13B,
45, 45A, 56, and 57, and shall provide for legal counsel and other legal
services as may be required in defense of trustees, officers, and employees of
the system who may be subjected to civil action arising from the performance
of their legally assigned duties if counsel and services are not provided by the
Attorney General.
The board shall require the trustees, executive secretary, and employees it
determines proper to execute bonds for the faithful performance of their duties
notwithstanding the limitations of KRS Chapter 62.
The board of trustees may expend funds from the expense fund as necessary
to insure the trustees, employees, and officials of the Teachers' Retirement
System against any liability arising out of an act or omission committed in the
scope and course of performing legal duties.
Notwithstanding any statute to the contrary, employees shall not be considered
legislative agents as defined in KRS 6.611.
Notwithstanding any statute to the contrary, the executive branch of
government shall accept from the Kentucky Teachers' Retirement System all
accrued annual and sick leave balances and service credits of employees
leaving the Kentucky Teachers' Retirement System and accepting
appointments within the executive branch. These leave balances shall be
attested to by the Kentucky Teachers' Retirement System and shall not exceed
those limits established by statute or administrative regulation for employees of
the executive branch.
Effective:April 11, 2012
History: Amended 2012 Ky. Acts ch. 75, sec. 11, effective April 11, 2012. -Amended 2010 Ky. Acts ch. 164, sec. 4, effective July 1, 2010. -- Amended
2008 Ky. Acts ch. 78, sec. 4, effective July 1, 2008. -- Amended 2004 Ky. Acts
ch. 121, sec. 3, effective July 1, 2004. -- Amended 2002 Ky. Acts ch. 275,
sec. 6, effective July 1, 2002. -- Amended 1998 Ky. Acts ch. 515, sec. 4,
effective July 1, 1998. -- Amended 1996 Ky. Acts ch. 359, sec. 3, effective July
1, 1996. -- Amended 1994 Ky. Acts ch. 369, sec. 3, effective July 1, 1994. -Repealed and reenacted 1990 Ky. Acts ch. 476, Pt.V, sec. 493, effective July
13, 1990. -- Amended 1988 Ky. Acts ch. 363, sec. 2, effective July 1, 1988. -Amended 1986 Ky. Acts ch. 440, sec. 3, effective July 1, 1986. -- Amended
1984 Ky. Acts ch. 253, sec. 5, effective July 1, 1984. -- Amended 1982 Ky. Acts
ch. 326, sec. 5, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 206,
sec. 1, effective July 1, 1980. -- Amended 1978 Ky. Acts ch. 110, sec. 103,
effective January 1, 1979. -- Amended 1976 Ky. Acts ch. 351, sec. 3, effective
July 1, 1976. -- Amended 1972 Ky. Acts ch. 82, sec. 7. -- Amended 1964 Ky.
Acts ch. 43, sec. 2. -- Amended 1962 Ky. Acts ch. 64, sec. 2. -- Amended 1960
Ky. Acts ch. 44, sec. 4. -- Amended 1958 Ky. Acts ch. 8, sec. 1. -- Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat.
sec. 4506b-12.
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