16.568 Excess benefit plan -- Purpose -- Excess benefit fund.
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16.568 Excess benefit plan -- Purpose -- Excess benefit fund.
(1) There are created and established:
(a) An excess benefit plan to be known as the State Police Retirement System
Excess Benefit Plan. The plan is created for the purpose of providing the <br>retirement allowances payable from the retirement system under KRS 16.510 <br>to 16.652 that would otherwise be limited by 26 U.S.C. sec. 415; and
(b) A state fund to be known as the "State Police Retirement System Excess
Benefit Fund" which shall consist of all the assets of the plan.
(2) The administration and assets of the plan shall be as set forth in KRS 61.652.
Effective: July 14, 2000 <br>History: Created 2000 Ky. Acts ch. 385, sec. 8, effective July 14, 2000.
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