LegalFix

40.050 Computation of bonus.

KY Rev Stat § 40.050 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

40.050 Computation of bonus. (1) Every person determined by the administrator to be a qualified veteran shall be paid the sum of nine dollars ($9) for each month and major fraction of a month of active duty, in the Armed Forces in the continental United States, not to exceed in all the sum of three hundred dollars ($300), and the sum of fifteen dollars ($15) for each month and major fraction of a month of such service outside the continental United States, subject to an aggregate limit for all service in the sum of five hundred dollars ($500). A veteran who served in one or more of the conflict periods defined in subsections (15), (16), (17), and (18) of KRS 40.010 shall be limited to a maximum payment of three hundred dollars ($300) if no part of his total service during the periods specified was served outside the continental United States, or five hundred dollars ($500) if a part of his total service during the periods specified was served outside the continental United States. (2) If a person determined to have been a qualified veteran shall be deceased at the time payment of the veterans' bonus would otherwise be made to him, the amount of his bonus shall be paid to the first surviving beneficiary, if any, according to the order of priority defined in subsection (8) of KRS 40.010 and if there be no surviving beneficiary, the bonus of such veteran shall lapse, and no payment thereof shall be made. (3) A beneficiary (as defined in subsections (8), (9), (10), (11), and (12) of KRS 40.010) of a person killed in the line of duty while on active duty in the Armed Forces during the periods defined in subsections (15), (16), (17), and (18) of KRS 40.010 or person who died of service-connected injury sustained while on active duty in the Armed Forces during the conflict periods defined above shall be paid three hundred dollars ($300) if no part of his total service during these periods was served outside the continental United States or five hundred dollars ($500) if any part of his total service during these periods was served outside the continental United States. The provisions of subsection (1) and the minimum period of service for entitlement to a bonus as established by subsection (2) of KRS 40.010 shall not apply to these beneficiaries. However, this exception does not waive the respective maximums of three hundred dollars ($300) or five hundred dollars ($500) for each veteran, person killed in the line of duty while on active duty in the Armed Forces, or person who died as a result of service-connected injury sustained while on active duty in the Armed Forces. Effective: February 20, 1960 History: Created 1960 Ky. Acts ch. 15, sec. 5, effective February 20, 1960.

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
40.050 Computation of bonus.