102 KAR 1:155 - Annuity payments
RELATES TO: KRS 161.640
NECESSITY, FUNCTION, AND CONFORMITY: KRS 161.640 sets out the manner of approving and paying annuities. This administrative regulation provides further guidelines for carrying out the provisions of this statute.
Section 1. After an annuity or retirement
allowance is authorized by the board, the secretary shall, without further
authorization cause the annuity or allowance checks to be issued regularly
during the lifetime of the annuitant, or in accordance with the terms of the
option chosen by the member.
Section
2. The last check shall be issued for the pro rata amount from the
first day of the pay period to and including the day of death.
Notes
STATUTORY AUTHORITY: KRS 161.310
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