16.652 Benefits not to be reduced or impaired for members who began

321 words·~1 min read·/ky/16-652

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

participating before January 1, 2014 -- Exceptions -- Amendment of benefits

and rights.

(1)For members who begin participating in the State Police Retirement System prior to

January 1, 2014, it is hereby declared that in consideration of the contributions by

the member, and in further consideration of benefits received by the state from the

member's employment, KRS 16.510 to 16.645 shall, except as provided in KRS

6.696, constitute an inviolable contract of the Commonwealth, and the benefits

provided therein shall not be subject to reduction or impairment by alteration,

amendment or repeal.

(a)For members who begin participating in the State Police Retirement System

on or after January 1, 2014, the General Assembly reserves the right to

amend, suspend, or reduce the benefits and rights provided under KRS 16.505

to 16.652 if, in its judgment, the welfare of the Commonwealth so demands,

except that the amount of benefits the member has accrued at the time of

amendment, suspension, or reduction shall not be affected.

(b)For purposes of this subsection, the amount of benefits the member has

accrued at the time of amendment, suspension, or reduction shall be limited to

the accumulated account balance the member has accrued at the time of

amendment, suspension, or reduction.

(c)The provisions of this subsection shall not be construed to limit the General

Assembly's authority to change any other benefit or right specified by KRS

16.505 to 16.652, for members who begin participating in the State Police

Retirement System on or after January 1, 2014, except the benefits specified

by paragraph

(b)of this subsection.

(3)The provisions of this section shall not be construed to limit the General Assembly's

authority to amend, reduce, or suspend the benefits and rights of members of the

State Police Retirement System as provided by KRS 16.505 to 16.652 that the

General Assembly had the authority to amend, reduce, or suspend, prior to July 1,

2013.