KRS 164.220: Appointment, salaries and retirement benefits of university personnel.

(1) The board of trustees may appoint a president, professors, assistants, tutors and

other personnel and determine the compensation, duties and official relations of

each. In the appointment of presidents, professors or instructors no preference shall

be shown to any religious denomination.

(2) The board of trustees shall provide the compensation for all positions created and

filled by the board. In addition thereto the board may provide for employee

retirement benefits and such other employee benefits as are related to the respective

employments and services rendered.

(3) The board of trustees may establish and maintain such retirement plan or plans as it

may deem to be for the best interests of the University of Kentucky, including, but

without limitation, th e retirement ages, the benefits of such employees including

group insurance, annuities, establishment of a trust fund or funds; and, the amounts

to be paid or contributed by such employees and the amounts to be paid or

contributed by the University of Kent ucky and other appropriate terms and

provisions with respect thereto.