Kentucky Retirement System

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The Kentucky Employees Retirement System (KERS) was established in 1956 by the the State’s General Assembly with the purpose of providing supplement benefits to both active and retired members.

Kentucky State has three separate systems namely; County Employees Retirement System (CERS), Kentucky Employee Retirement System (KERS) and State Police Retirement System (SPRS) Each system have Hazardous and Nonhazardous members. See Teachers Pension: Everything You Need To Know About Teachers Pension Scheme UK

Each of the above mentioned systems is equipped with a pension fund and an insurance trust fund. The systems puts it’s members as a top priority, it also serves the local government employees, State Police officers, and non-teaching staff of local school boards and regional universities.

As a stakeholder of the system the Kentucky Retirement Employee System (KRES) will continue to provide an excellent service for it’s members. Their professional staff will always conduct themselves in a professional way, demonstrated by their mode of approach, actions and compassion towards members.

How Does Kentucky State Retirement Benefit Work?

The Kentucky Non-hazardous retirement benefits are based on your final compensation. That is your final salary received, which is based on the 5 High, it must also include a minimum of 48 months and at least five financial years.

If your final salary received is based on the 3 High, it must include a minimum of 24 months and at least 3 financial years.

What Is The Retirement Age In Kentucky?

Non-hazardous

If you do not want your benefit to be reduced, the requirements are:

When you are 57 years old or more, you may retire without your benefit being reduced, if your age and years of service equal 87 (Rule of 87).
If you are 65 years old, with a minimum of 60 months of vested service, you may retire at any time without any reduction to your benefits.

The requirements for a Reduced Benefit are:

If you are 60 years old or more, with a minimum of 120 months of vested service, you may retire with a reduction in benefits.
If you are qualified for a reduced benefit, the amount of reduction will depends greatly on your age or years of vested service at retirement.

Hazardous

If you do not want your benefit to be reduced, the requirements are:

When you are 25 years or more, you may retire at any time with no reduction in benefits, this also depends on your years of service.
If you are 60 years or more, with a minimum of 60 months of vested service, you may retire at any time with no reduction in benefits.

The requirements for a Reduced Benefit are:

If you are 50 years or more, with a minimum of 180 months of vested service, you may retire with a reduction in benefits.
If you are qualified for a reduced benefit, the amount of reduction depend greatly on your age or years of vested service at retirement.