KRS 95.879: Payment of annuities.

Any service retirement annuity, disability retirement annuity, or any other annuity

provided herein shall be payable in equal monthly installments as life annuities, and shall

not be increased, decreased, revoked, or repealed, except for error, or except w here

specifically otherwise provided. The cost of providing death benefits for members in

receipt of retirement annuities shall not be construed as a reduction in the life annuity

payable to the member. The first payment of an annuity shall be made for the fraction of a

month elapsing until the end of the first month; and the last payment shall be made as of

the end of the month in which death occurs.