Retired Members ...
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Medical Benefits
Under Age 65
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Medical Benefits
Age 65 & Over
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Return to Work
University or KCTCS Community College
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2008 Annuity
Payment Dates

January 29
February 27
March  28
April 28
May 29
June 27
July 29
August 28
September 26
October 29
November 26
December 29

Your Defined Benefit Group
Retirement Plan
___________________

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.

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 retirement benefit.

The vesting period varies among employers. Most defined benefit group retirement pension plans provide an automatic or periodic cost-of-living increase to protect the benefit from inflation. Most also provide a survivor’s benefit, as well as a disability benefit. Approximately 90% of all public employees in the United States participate in a defined benefit pension plan, making these plans the dominant retirement benefit among public employees.

You may contact the Social Security office or visit their website at www.ssa.gov for details.
479 Versailles Road, Frankfort, Kentucky 40601 / Phone: 1-800-618-1687