102 KAR 1:155.
Annuity payments.
RELATES TO: KRS
161.640
STATUTORY
AUTHORITY: KRS 161.310
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. (TRS-18 1 Ky.R. 463; eff.
3-12-75; Am. 6 Ky.R. 683; eff. 8-6-80.)