16.568 Excess benefit plan -- Purpose -- Excess benefit fund.
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/ky/chapter-16/16-568A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)There are created and established:
(a)An excess benefit plan to be known as the State Police Retirement System
Excess Benefit Plan. The plan is created for the purpose of providing the
retirement allowances payable from the retirement system under KRS 16.510
to 16.652 that would otherwise be limited by 26 U.S.C. sec. 415; and
(b)A state fund to be known as the "State Police Retirement System Excess
Benefit Fund" which shall consist of all the assets of the plan.
(2)The administration and assets of the plan shall be as set forth in KRS 61.652.