164.2871 Liability insurance for governing board members, faculty, and staff -- Retirement annuity allowances exemption -- Taxability after December 31, 1997 -- Purchase of insurance not waiver of imm - Kentucky Statutes

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Page 1 of 1 164.2871 Liability insurance for governing board members, faculty, and staff -- Retirement annuity allowances exemption -- Taxability after December 31,
1997 -- Purchase of insurance not waiver of immunity --Self-insured employer
group health plan. (1) The governing board of each state postsecondary educational institution is authorized to purchase liability insurance for the protection of the individual
members of the governing board, faculty, and staff of such institutions from liability
for acts and omissions committed in the course and scope of the individual's
employment or service. Each institution may purchase the type and amount of
liability coverage deemed to best serve the interest of such institution. (2) All retirement annuity allowances accrued or accruing to any employee of a state postsecondary educational institution through a retirement program sponsored by
the state postsecondary educational institution are hereby exempt from any state,
county, or municipal tax, and shall not be subject to execution, attachment,
garnishment, or any other process whatsoever, nor shall any assignment thereof be
enforceable in any court. Except retirement benefits accrued or accruing to any
employee of a state postsecondary educational institution through a retirement
program sponsored by the state postsecondary educational institution on or after
January 1, 1998, shall be subject to the tax imposed by KRS 141.020, to the extent
provided in KRS 141.010 and 141.0215. (3) Except as provided in KRS Chapter 44, the purchase of liability insurance for members of governing boards, faculty and staff of institutions of higher education in
this state shall not be construed to be a waiver of sovereign immunity or any other
immunity or privilege. (4) The governing board of each state postsecondary education institution is authorized to provide a self-insured employer group health plan to its employees, which plan
shall conform to the requirements of subtitle 32 of KRS Chapter 304 and shall be
exempt from conformity with subtitle 17A of KRS Chapter 304. Effective: May 30, 1997
History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 91, effective May 30, 1997. -- Amended 1995 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 7, effective April 28,
1995. -- Amended 1988 Ky. Acts ch. 282, sec. 7, effective July 15, 1988. -- Amended
1986 Ky. Acts ch. 235, sec. 1, effective July 15, 1986. -- Created 1978 Ky. Acts
ch. 347, sec. 1, effective June 17, 1978.