Kentucky Employees Retirement System
KERS is a defined benefit retirement plan for benefitted positions at EKU that do not require certification, or a 4-year college degree, or allows experience to substitute for a college degree.
Benefited employees must participate by law and have 30 days to enroll after starting employment. In order to be vested, an employee must have at least 5 years of service.
Contributions
|
|
non-hazardous position |
hazardous position |
| before 9/1/08 | 5% | 8% |
| after 9/1/08 | 6% | 9% |
KERS Retirement & Disability Benefits
Benefits of all vested members are based on years of service and final compensation. Final compensation is the average of five fiscal years. IT will be either the highest 5 years, or the last 5 years. Some accumulated sick leave balances may be converted to service credit at retirement.
An employee who is not eligible for an unreduced benefit may retire due to disability. The employee must have at least 60 months of service.
Visit KERS Website | (800) 928-4646
