Human Resources
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Employee Discounts

Kentucky Employees Retirement System - Hazardous (KERS-H)

For Public Safety Officers and other qualified Public Safety employees. Summary:    

 

Hazardous members hired prior to September 1, 2008:
The requirements for an Unreduced Benefit are:
  • 20+ years of service credit may retire with no reduction in benefits.
  • Age 55 or older, with at least 1 month of hazardous duty service credit may elect to receive a benefit for life that is an actuarial equivalent to twice the member’s contributions and interest.
  • Age 55 or older, with at least 60 months hazardous duty service credit is eligible to receive an unreduced benefit based on the member’s salary and service.
The requirements for a Reduced Benefit are:
  • Age 50 with at least 15 years of service credit may retire with a reduction in benefits.
  • If a hazardous duty member is eligible for a reduced benefit, the amount of reduction will depend upon the member’s age or years of service at retirement.
Hazardous members hired on or after September 1, 2008:
The requirements for an Unreduced Benefit are:
  • 25 or more years of service may retire at any time with no reduction in benefits.
  • Age 60 or older, with at least 60 months of service credit may retire at any time with no reduction in benefits. (Must have at least three complete fiscal years of service).
The requirements for a Reduced Benefit are:
  • Age 50 or older, with at least 180 months of service credit may retire with a reduction in benefits.
  • If a member is eligible for a reduced benefit, the amount of reduction will depend upon the member’s age or years of service at retirement.

 


 

Hazardous Employee Rate (1)- 8%, Employer Rate 35.7%

Employee Rate(1) Employees with a participation date on or after September 1, 2008 contribute an extra 1% to be deposited into the Insurance Fund.
These employer contribution rates reflect the ten-year phase-in of the insurance portion of the rate that is required by KRS 61.565(6). These CERS employer contribution rates will become effective July 1, 2013. 

 

Effective July 15, 1998, "final compensation" for member means the three fiscal years in which the member had the highest average monthly salary. For additional information and formula to calculate monthly benefit, see https://kyret.ky.gov  



How Your Retirement Benefits are Calculated