{"data":{"id":"us-ky/krs-16.565","jurisdiction":"us-ky","citation":"KRS 16.565","heading":"Retirement allowance account.","body":"The retirement allowance account shall be the account in which shall be accumulated all\nemployer contributions, amounts transferred from the member account, and to which all\nincome from the investment assets of the system shall be credited. From this accou nt\nthere shall be paid administrative expenses and in addition all benefits payable under\nKRS 16.510 to 16.652. There shall be transferred from this account to the member\naccount:\n(1) The employer pay credit added monthly to each member's individual accoun ts as\nprovided by KRS 16.583(2)(b)1. or annually as provided by KRS 16.583(2)(b)2.\nand 16.584; and\n(2) The interest credited annually to each member's individual accounts as provided by\nKRS 16.505 to 16.652.","path":["KRS Chapter 16"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53368","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:48:37Z","sha256":"deb146bb9d0697ad7d178e77e43fa5eeb85b2631b5fd36874468318be1dbb93e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-16.560","next":"us-ky/krs-16.566"},"notice":"GroundRules: Original legal text. Not legal advice."}