Statutes > Kentucky Statutes > CHAPTER 61 GENERAL PROVISIONS AS TO OFFICES AND OFFICERS -- SOCIAL SECURITY FOR PUBLIC EMPLOYEES -- EMPLOYEES RETIREMENT SYSTEM > 61.692 Benefits not to be reduced or impaired -- Exception.

61.692 Benefits not to be reduced or impaired -- Exception.

Download pdf

Loading PDF...


61.692 Benefits not to be reduced or impaired -- Exception. It is hereby declared that in consideration of the contributions by the members and in <br>further consideration of benefits received by the state from the member's employment, <br>KRS 61.510 to 61.705 shall, except as provided in KRS 6.696 effective September 16, <br>1993, constitute an inviolable contract of the Commonwealth, and the benefits provided <br>therein shall, except as provided in KRS 6.696, not be subject to reduction or impairment <br>by alteration, amendment, or repeal. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 167, sec. 21, effective July 15, 1996. -- Amended 1993 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 78, effective September 16, 1993. -- <br>Amended 1988 Ky. Acts ch. 349, sec. 29, effective July 15, 1988. -- Amended 1976 <br>Ky. Acts ch. 321, sec. 40. -- Amended 1972 Ky. Acts ch. 116, sec. 60.