61.605 Disability retirement allowance.

326 words·~1 min read·/ky/chapter-61/61-605

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

(1)Upon disability retirement, except as provided by subsection

(2)of this section,

an employee may receive an annual retirement allowance payable monthly

during his or her lifetime which shall be determined in the same manner as for

retirement at his or her normal retirement date with years of service and final

compensation being determined as of the date of his or her disability except

that service credit shall be added to the person's total service beginning with

his or her last date of paid employment and continuing to his or her sixty-fifth

birthday; however, the maximum service credit added shall not exceed the total

service the person had upon his or her last day of paid employment, and the

maximum combined service credit for calculating his or her disability retirement

allowance, including total service and added service, shall not exceed

twenty-five

(25)years. If, however, a person has accumulated twenty-five

or more years of total service, he or she shall receive added service necessary

to bring his or her combined service credit, including total and added service, to

twenty-seven

(27)years.

(a)For a member whose participation begins on or after August 1, 2004, but

prior to January 1, 2014, the disability retirement allowance shall be the

higher of twenty percent (20%) of the member's monthly final rate of pay

or the retirement allowance determined in the same manner as for

retirement at his or her normal retirement date with years of service and

final compensation being determined as of the date of his or her disability.

(b)For a member who begins participating on or after January 1, 2014, in the

hybrid cash balance plan as provided by KRS 61.597, the disability

retirement allowance shall be the higher of twenty percent (20%) of the

member's monthly final rate of pay or the retirement allowance

determined in the same manner as for retirement at his or her normal

retirement date under KRS 61.597.