102 KAR 1:125 - Omitted contributions; reinstatement of accounts
RELATES TO: KRS 161.560
NECESSITY, FUNCTION, AND CONFORMITY: KRS 161.560 requires each agency employing members of the Teachers' Retirement System to deduct the appropriate member contributions and forward the contributions to the system on a monthly basis. This administrative regulation sets out the conditions under which these required contributions shall be paid in the event the employing agency fails to deduct these amounts from the member's salary and forward the contributions to the retirement system.
STATUTORY AUTHORITY: KRS 161.310, 161.470, 161.560
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