102 KAR 1:145 - Basis for options
RELATES TO: KRS 161.630
NECESSITY, FUNCTION, AND CONFORMITY: KRS 161.630 provides that a member of the Teachers' Retirement System, retiring for service, may elect an actuarial equivalent benefit in lieu of the life annuity provided for in KRS 161.620. This administrative regulation sets out the procedures to be used in calculating these optional benefits.
STATUTORY AUTHORITY: KRS 161.310
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