Your Defined Benefit Group
Your Defined Benefit Group Retirement Plan is a retirement benefit, sponsored by KTRS, which pays a defined amount upon retirement based on length of service and final average salary of the employee, along with a retirement multiplier. KTRS retirement eligibility is determined by the employee's age and years of service. The service retirement benefit is a lifetime benefit and is guaranteed by KTRS.
Defined Benefit Plan -
National Institute on Retirement
To qualify for a defined benefit group retirement pension, an employee must become vested. Vesting is the
length of service required to qualify for a