2014 Kentucky Revised Statutes CHAPTER 61 - GENERAL PROVISIONS AS TO OFFICES AND OFFICERS -- SOCIAL SECURITY FOR PUBLIC EMPLOYEES -- EMPLOYEES RETIREMENT SYSTEM 61.605 Disability retirement allowance.
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61.605 Disability retirement allowance.
(1)
(2)
Upon disability retirement, an employee may receive an annual retirement
allowance payable monthly during his lifetime which shall be determined in the
same manner as for retirement at his normal retirement date with years of
service and final compensation being determined as of the date of his disability
except that service credit shall be added to the person's total service beginning
with his last date of paid employment and continuing to his sixty-fifth birthday;
however, the maximum service credit added shall not exceed the total service
the person had upon his last day of paid employment, and the maximum
combined service credit for calculating his disability retirement allowance,
including total service and added service shall not exceed twenty-five (25)
years. If, however, a person has accumulated twenty-five (25) or more years of
total service, he shall receive added service necessary to bring his combined
service credit, including total and added service, to twenty-seven (27) years.
(a) For a member whose participation begins on or after August 1, 2004, but
prior to January 1, 2014, the disability retirement allowance shall be the
higher of twenty percent (20%) of the member's monthly final rate of pay
or the retirement allowance determined in the same manner as for
retirement at his normal retirement date with years of service and final
compensation being determined as of the date of his disability.
(b) For a member who begins participating on or after January 1, 2014, in the
hybrid cash balance plan as provided by KRS 61.597, the disability
retirement allowance shall be the higher of twenty percent (20%) of the
member's monthly final rate of pay or the retirement allowance
determined in the same manner as for retirement at his or her normal
retirement date under KRS 61.597.
Effective:July 1, 2013
History: Amended 2013 Ky. Acts ch. 120, sec. 59, effective July 1, 2013. -Amended 2004 Ky. Acts ch. 33, sec. 4, and ch. 36, sec. 16, effective July 13,
2004. -- Amended 2000 Ky. Acts ch. 385, sec. 20, effective July 14, 2000. -Amended 1998 Ky. Acts ch. 105, sec. 12, effective July 15, 1998. -- Amended
1980 Ky. Acts ch. 186, sec. 24, effective July 15, 1980. -- Amended 1974 Ky.
Acts ch. 128, sec. 21, effective March 26, 1974. -- Amended 1972 Ky. Acts
ch. 116, sec. 38. -- Amended 1970 Ky. Acts ch. 101, sec. 6. -- Amended 1966
Ky. Acts ch. 35, sec. 10. -- Amended 1962 Ky. Acts ch. 58, sec. 12. -- Amended
1960 Ky. Acts ch. 165, Part II, sec. 9. -- Created 1956 Ky. Acts ch. 110, sec. 20.
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