21.347 Judicial Retirement Plan -- Judicial retirement fund -- Established.
144 words·~1 min read·
/ky/chapter-21/21-347A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Judicial Retirement System established by KRS 21.345 to 21.510 shall hereafter be designated and known as the Judicial Retirement Plan. There is established within that plan a state fund to be known as the judicial retirement fund, which shall consist of all money and securities of the Judicial Retirement System immediately prior to July 1, 1980; all allotments to be received of moneys theretofore appropriated to or for the Judicial Retirement System or Judicial Retirement Board and not yet allotted; all state appropriations to the judicial retirement fund or the Judicial Retirement Plan; all earnings from investment of the fund (including insurance benefits); and all contributions from members of the plan.
The fund may have a subordinate administrative account. The benefits provided to be paid by reason of membership in the Judicial Retirement Plan shall not be chargeable to any other retirement fund.