Title 102 | Chapter 001 | Regulation 270

102 KAR 1:270.Statement of member account.

Section 1.

Each member shall be provided with a statement of his or her account. Each member's statement shall contain the following information if applicable:


Date of birth;


Member identification;


Total service credit accrued or purchased; and


Total member contribution and interest accumulation.

Section 2.

Each member shall be provided on at least an annual basis a statement of his or her account. This statement shall be provided to the member by mail delivery or by secure electronic means. Additionally, letters reflecting account status shall be mailed to inactive members with vested benefits who request a refund of their accumulated contributions and interest. In addition to the information listed in Section 1 of this administrative regulation, the letter shall inform the member that refunding the account shall result in the member forfeiting a retirement benefit to which the member would otherwise be entitled. Letters shall be mailed to each member's last known home address prior to payment of a refund of contributions.

HISTORY: (28 Ky.R. 2751; eff. 8-12-2002; 40 Ky.R. 2320; 2675; eff. 7-7-2014; Crt eff. 7-3-2019.)

7-Year Expiration: 7/3/2026

Last Updated: 12/15/2021

Page Generated: 5/12/2023, 4:33:50 PM