Kentucky Statutes 21.380 – Normal retirement age
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(1) The normal retirement date or age of a member shall be his sixty-fifth birthday, except that the normal retirement age for a member who began participating in the Judicial Retirement Plan prior to January 1, 2014, shall be reduced by one (1) year, but no more than five (5) years total, for:
(a) Each five (5) years of service credit in the plan; and
(b) Each year of service credit the member has earned beyond that needed to receive a retirement benefit of one hundred percent (100%) of final compensation.
(2) KRS § 21.350 to KRS § 21.480 do not require that a member retire at the normal retirement date.
Effective: July 1, 2013
History: Amended 2013 Ky. Acts ch. 120, sec. 22, effective July 1, 2013. — Amended
1994 Ky. Acts ch. 266, sec. 5, effective July 15, 1994. — Amended 1962 Ky. Acts ch.
9, sec. 5 — Created 1960 Ky. Acts ch. 84, Art. III, sec. 4.
(a) Each five (5) years of service credit in the plan; and
Terms Used In Kentucky Statutes 21.380
- Year: means calendar year. See Kentucky Statutes 446.010
(b) Each year of service credit the member has earned beyond that needed to receive a retirement benefit of one hundred percent (100%) of final compensation.
(2) KRS § 21.350 to KRS § 21.480 do not require that a member retire at the normal retirement date.
Effective: July 1, 2013
History: Amended 2013 Ky. Acts ch. 120, sec. 22, effective July 1, 2013. — Amended
1994 Ky. Acts ch. 266, sec. 5, effective July 15, 1994. — Amended 1962 Ky. Acts ch.
9, sec. 5 — Created 1960 Ky. Acts ch. 84, Art. III, sec. 4.