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Benefit Factor. Tier One Benefit factors are set by statute and vary depending upon the type of service, participation date, service, and retirement system. Nonhazardous Member Benefit Factors. KERS: 1.97% - Member does not have 13 months credit for January 1, 1998 - January 1, 1999.
The Kentucky Employees Retirement System (KERS) was created in 1956 by the Kentucky General Assembly in order to supplement the benefits provided by Social Security. When the first actuarial valuation was completed June 30, 1957, there were 16,000 employees participating in KERS and assets of $2.8 million.
Retirees. Receiving Your Benefits; Marital Status/Beneficiary Change; Reemployment After Retirement; Insurance
The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), [1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
The Kentucky Retirement System (KRS)* administers public pension benefits for many public employees. Within KRS, there are three systems: · Kentucky Employee Retirement System (KERS) · County Employees Retirement System (CERS) · The State Police Retirement System (SPRS)
KENTUCKY RETIREMENT SYSTEMS. Kentucky Employees Retirement System (KERS): Established July 1, 1956. Includes employees of state agencies, regional universities (i.e. EKU), local health departments, and quasi-state agencies. County Employees Retirement System (CERS): Established July 1, 1958.
19 paź 2022 · General information for the Kentucky Employees’ Health Plan has been mailed to retirees and detailed information is available on the KPPA website. The KEHP plans have a 7% increase in premium for Plan Year 2023 and no benefits have changed.
