21.380 Normal retirement age.
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21.380 Normal retirement age.
(1) The normal retirement date or age of a member shall be his sixty-fifth birthday, but
the normal retirement age shall be reduced by one (1) year, but no more than five <br>(5) years total, for: <br>(a) Each five (5) years of service credit in the plan; and <br>(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 <br>compensation.
(2) KRS 21.350 to 21.480 do not require that a member retire at the normal retirement <br>date.
Effective: July 15, 1994 <br>History: 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.
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