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POLICY NUMBER: V C
SUBJECT: KENTUCKY EMPLOYEES RETIREMENT SYSTEM
APPLIES TO: STAFF
EFFECTIVE DATE: July 1, 2010
REVISED FROM: July 1, 1993

KENTUCKY EMPLOYEES RETIREMENT SYSTEM

1. Eligibility

   1. The Kentucky Employees Retirement System provides for retirement allowances and other benefits for an employee of Â黨µ¼º½ who is not employed in a position covered by the Kentucky Teachers' Retirement System. The retirement system in which an employee participates is determined by Human Resources based upon the eligibility for the Teachers' Retirement System.

   2. Each regular, full-time employee and each regular part-time employee who works an average of l00 hours or more per month during a fiscal or calendar year in a KERS position is mandatorily included in the system. Part-time employees who work less than an average of l00 hours per month during a fiscal or calendar year, and seasonal & temporary employees are excluded from membership in the system.

   3. Temporary employees in a KERS position who average more than 100 hours per month during a fiscal or calendar year and have a one calendar month break in service once the limit of nine months is met will be excluded from membership in the system.  A termination and re-hire date must exist for the break in service.  (Refer to Policy II B.)

   4. The Kentucky Retirement System is an agency of the Commonwealth of Kentucky.  KRS policies are mandated by law and subject to change.

2. Information Resources

   1. Information may be obtained by contacting Human Resources.

   2. When requesting information from the Retirement System, please be sure to include your Social Security number and current address.

   3. The Retirement System provides more detailed information through plan description booklets and information pamphlets. Changes in the system and benefits are communicated to its members by mail to the employees' home address.

3. Social Security

   Effective January l, l987, members no longer pay Social Security tax on their retirement contributions.

4. Type of System

   The system is of the "actuarial reserve, joint contributory" type.

5. Administration

   1. The Kentucky Employees Retirement System (KERS) is administered by the Board of Trustees of the Kentucky Retirement Systems which is composed of nine members: the Commissioner of Personnel, two trustees elected by the members of the Kentucky Employees Retirement System who must be members or retired from that system, two trustees elected by the members of the County Employees Retirement System who must be members or retired from that system, one trustee elected by the members of the State Police Retirement System who must be a member or retired from that system, and three trustees appointed by the Governor of the Commonwealth.

   2. The Kentucky Employees Retirement System is one of three retirement systems administered by the Bo