{"data":{"id":"us-ky/krs-78.650","jurisdiction":"us-ky","citation":"KRS 78.650","heading":"Retirement allowance account.","body":"The  retirement allowance account shall be  the account in which shall be\naccumulated all employer contributions and amounts transferred from the members'\naccount, and to which all income from the invested assets of the system shall be\ncredited. From this account shall be paid the expenses of the system and the board\nin administration of the system, retirement allowances, and any other benefits\npayable after a member's retirement and from this account shall be transferred to the\nmembers' account:\n(1) The employer pay credit added monthly to each member's individual accounts\nas provided by KRS 78.5512 and 78.5516; and\n(2) The interest credited annually to each member's individual account as provided\nby KRS 78.510 to 78.852.","path":["KRS Chapter 78"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50800","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:39Z","sha256":"0e34e41776e0acf6a8a9654d7e3cb751b6fa94d4820aed634f52fd4afc54d13a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-78.640","next":"us-ky/krs-78.652"},"notice":"GroundRules: Original legal text. Not legal advice."}