KRS 78.652: Excess benefit plan -- Purpose -- Excess benefit fund.

There is created and established:

(1) An excess benefit plan to be known as the County Employees Retirement System

Excess Benefit Plan. The plan is created for the purpose of providing the retirement

allowances payable from the retirement systems under KRS 78.520 to 78.852 that

would otherwise be limited by 26 U.S.C. sec. 415.

(2) A state fund to be known as the County Employees Retirement System Excess

Benefit Fund which shall consist of all the assets of the plan.

(3) The administration and assets of the plan shall be as set forth in KRS 61.652.