61.646 Transfer of administration of County Employees Retirement System from

249 words·~1 min read·/ky/61-646

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

Kentucky Retirement Systems board of trustees to County Employees

Retirement System board of trustees established in KRS 78.782 -- Intent to

enact future legislation. (Effective April 1, 2021)

(1)Effective April 1, 2021:

(a)Except as provided by KRS 61.505, the administration of the County

Employees Retirement System shall be transferred from the Kentucky

Retirement Systems board of trustees to the County Employees Retirement

System board of trustees established by KRS 78.782.

(b)Except as provided by KRS 61.505, the administration of the Kentucky

Employees Retirement System and the State Police Retirement System shall

continue to be the responsibility of the Kentucky Retirement Systems board of

trustees as amended by KRS 61.645.

(c)The Kentucky Public Pensions Authority established by KRS 61.505 shall

provide personnel needs, day-to-day administrative needs, and other duties

specified by KRS 61.505 to the Kentucky Retirement Systems board of

trustees and the County Employees Retirement System board of trustees. The

staff of the Kentucky Retirement Systems shall become the staff of the

Kentucky Public Pensions Authority.

(2)It is the intent of the General Assembly to enact legislation in the 2021 Regular

Session to create separate statutory structures as it relates to benefits for the

Kentucky Retirement Systems and the County Employees Retirement System that

are currently shared by the Kentucky Employees Retirement System, the County

Employees Retirement System, and the State Police Retirement System while

retaining shared statutes that relate to administrative provisions that will be the

responsibility of the Kentucky Public Pensions Authority.