21.380 Normal retirement age. - Kentucky Statutes

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Page 1 of 1 21.380 Normal retirement age. (1) The normal retirement date or age of a member shall be his sixty-fifth birthday, but the normal retirement age shall be reduced by one (1) year, but no more than five
(5) years total, for:
(a) Each five (5) years of service credit in the plan; and
(b) Each year of service credit the member has earned beyond that needed to receive a retirement benefit of one hundred percent (100%) of final
compensation. (2) KRS 21.350 to 21.480 do not require that a member retire at the normal retirement
date. Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 266, sec. 5, effective July 15, 1994. -- Amended 1962 Ky. Acts ch. 9, sec. 5 -- Created 1960 Ky. Acts ch. 84, Art. III, sec. 4.