61.440 Interstate instrumentalities. - Kentucky Statutes

Download pdf

Loading PDF...

61.440 Interstate instrumentalities. Any instrumentality jointly created by this state and any other state or states is hereby
authorized, to the extent that this Commonwealth may confer authority, (1) to enter into
an agreement with the commissioner whereby the benefits of the federal old-age,
survivors, disability, and hospital insurance system shall be extended to employees of the
instrumentality, (2) to require its employees to pay (and for that purpose to deduct from
their wages) contributions equal to the amounts which they would be required to pay
under subsection (1) of KRS 61.450 if they were covered by an agreement made pursuant
to KRS 61.430, and (3) to make payments to the Secretary of the Treasury in accordance
with the agreement, including payments from its own funds, and otherwise to comply
with the agreement. The agreement shall, to the extent practicable, be consistent with the
terms and provisions of KRS 61.430, and all other terms and provisions, of KRS 61.410
to 61.500. Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 436, sec. 5, effective July 15, 1998. -- Created 1951 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 4.