Statutes > Kentucky Statutes > CHAPTER 161 SCHOOL EMPLOYEES -- TEACHERS' RETIREMENT AND TENURE > 161.565 Reduction and pick-up of contributions by university faculty members.

161.565 Reduction and pick-up of contributions by university faculty members.

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161.565 Reduction and pick-up of contributions by university faculty members. Notwithstanding any other provisions of KRS Chapter 161, the contribution of university <br>faculty members may be reduced by amounts up to two and two hundred fifteen <br>thousandths percent (2.215%) if amounts sufficient to replace the reduction are <br>authorized and contributed to the Teachers' Retirement System by the board of regents of <br>the employing university. After August 1, 1982, any contribution by a university faculty <br>member shall be picked up by the employing university pursuant to KRS 161.540(2). Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 519, effective July 13, 1990. -- Amended 1984 Ky. Acts ch. 253, sec. 19, effective July 1, 1984; and <br>ch. 302, sec. 7, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 166, sec. 33, <br>effective July 15, 1982. -- Created 1980 Ky. Acts ch. 79, sec. 1, effective July 1, <br>1980.