Ky. Rev. Stat. » Chapter 61

Ky. Rev. Stat. § 61.570

Fund assets

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All of the assets of the system shall be held and invested in the Kentucky employees retirement fund and credited, according to the purpose for which they are held, to one (1) of three (3) accounts, namely, the members' account, the retirement allowance account, and accounts established pursuant to 26 U.S.C. sec. 401(h) within the funds established in KRS 16.510, 61.515, and 78.520, as prescribed by KRS 61.702(2)(b). Effective: July 1, 2013 History: Amended 2013 Ky. Acts ch. 120, sec. 54, effective July 1, 2013. -- Amended 2009 Ky. Acts ch. 77, sec. 12, effective June 25, 2009. -- Created 1956 Ky. Acts ch. 110, sec. 13.

Notes of Decisions
Cited in 3 cases, 2003–2020 · leading case: Board of Trustees v. Attorney General of the Commonwealth
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Board of Trustees v. Attorney General of the Commonwealth (2003) ky · cites it 2× “560; KRS 61.570; KRS 61.645; KRS 61.650; KRS 61.”
Randy Overstreet v. Jeffrey C. Mayberryas Member and Beneficiary of Trust Funds on Behalf of the Kentucky Retirement Sys (2020) ky “We note that ERISA contains similar trust language: “all assets of an employee benefit plan shall be held in trust by one or more trustees” and “the assets of a plan shall never inure to the benefit of any employer and shall be held for the exclusive purposes of providing…”
Brent Aldridge v. Jeffrey C. Mayberryas Member and Beneficiary of Trust Funds on Behalf of the Kentucky Retirement Syste (2020) ky “We note that ERISA contains similar trust language: “all assets of an employee benefit plan shall be held in trust by one or more trustees” and “the assets of a plan shall never inure to the benefit of any employer and shall be held for the exclusive purposes of providing…”
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