102 Kar 1:155. Annuity Payments

Link to law: http://www.lrc.ky.gov/kar/102/001/155.htm
Published: 2015

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      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.)