102 KAR 1:160. Annuity tables.

      RELATES TO: KRS 161.630, 161.705

      STATUTORY AUTHORITY: KRS 161.310

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 161.630 provides that a member of the Teachers' Retirement System, retiring for service, may elect the actuarial equivalent of annuity payments provided by KRS 161.620 through choice of an approved optional benefit. In calculating these benefits, a series of actuarial tables are prepared. This administrative regulation establishes the actuarial tables to be used for this purpose.

      Section 1. The annuity values and option factor tables for use in calculating benefits are the 1983 tables prepared by the actuary at the direction of the Board of Trustees. The 1983 annuity tables are hereby incorporated by reference. The tables were approved by the Board of Trustees for use effective September 1, 1983. These tables are available for inspection at the Teachers' Retirement System, 479 Versailles Road, Frankfort, Kentucky 40601. (TRS-23(a); 1 Ky.R. 463; eff. 3-12-75; Am. 17 Ky.R. 2478; 2939; eff. 4-5-91.)