Kentucky Statutes 18A.385 – Actuarial analysis of fund
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At least every two (2) years, the Personnel Cabinet shall have an actuary familiar with workers’ compensation insurance prepare an actuarial analysis of the state employee workers’ compensation fund established by KRS § 18A.375 and make any recommendation that he deems appropriate. The department may, at any time, request an actuary to evaluate the adequacy of the rates of contribution. These rates may be adjusted if the adjustment is recommended by the actuary.
Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 154, sec. 54, effective July 15, 1998. — Created
1990 Ky. Acts ch. 490, sec. 4, effective July 13, 1990.
Effective: July 15, 1998
Terms Used In Kentucky Statutes 18A.385
- Cabinet: means the Personnel Cabinet provided for in KRS §. See Kentucky Statutes 18A.005
- Employee: means a person regularly appointed to a position in the state service for which he or she is compensated on a full-time, part-time, or interim basis. See Kentucky Statutes 18A.005
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
History: Amended 1998 Ky. Acts ch. 154, sec. 54, effective July 15, 1998. — Created
1990 Ky. Acts ch. 490, sec. 4, effective July 13, 1990.