LegalFix

78.625 Filing of contributions, reimbursements, and reports -- Collection -- Suspension of benefits on delinquency.

KY Rev Stat § 78.625 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

78.625 Filing of contributions, reimbursements, and reports -- Collection -- Suspension of benefits on delinquency. (1) The agency reporting official of the county shall file the following at the retirement office on or before the tenth day of the month following the period being reported: (a) The employee and employer contributions required under KRS 78.610, 61.565, and 61.702; (b) The employer contributions and reimbursements for retiree health insurance premiums required under KRS 61.637; and (c) A record of all contributions to the system on the forms prescribed by the systems. (2) (a) If the agency reporting official fails to file at the retirement office all contributions and reports on or before the tenth day of the month following the period being reported, interest on the delinquent contributions at the actuarial rate adopted by the board compounded annually, but not less than one thousand dollars ($1,000), may be added to the amount due the system. (b) Delinquent contributions, with interest at the rate adopted by the board compounded annually, or penalties may be recovered by action in the Franklin Circuit Court against the county liable or may, at the request of the board, be deducted from any other moneys payable to the county by any department or agency of the state. (3) If an agency is delinquent in the payment of contributions due in accordance with any of the provisions of KRS 78.510 to 78.852, refunds and retirement allowance payments to members of this agency may be suspended until the delinquent contributions, with interest at the rate adopted by the board compounded annually, or penalties have been paid to the system. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 182, sec. 2, effective June 27, 2019. -- Amended 2010 Ky. Acts ch. 173, sec. 9, effective July 15, 2010. -- Amended 2009 Ky. Acts ch. 77, sec. 25, effective June 25, 2009. -- Amended 2004 Ky. Acts ch. 36, sec. 34, effective July 13, 2004. -- Amended 2002 Ky. Acts ch. 52, sec. 22, effective July 15, 2002. -- Amended 1998 Ky. Acts ch. 105, sec. 25, effective July 15, 1998. -- Amended 1996 Ky. Acts ch. 167, sec. 26, effective July 15, 1996. -- Amended 1992 Ky. Acts ch. 240, sec. 59, effective July 14, 1992. -- Amended 1988 Ky. Acts ch. 349, sec. 38, effective July 15, 1988. -- Amended 1982 Ky. Acts ch. 423, sec. 19, effective July 15, 1982. -- Amended 1976 Ky. Acts ch. 321, secs. 36 and 40. -- Amended 1972 Ky. Acts ch. 116, sec. 69. -- Amended 1968 Ky. Acts ch. 24, sec. 1. - - Created 1964 Ky. Acts ch. 49, sec. 7. Legislative Research Commission Note (March 1, 2011). The Reviser of Statutes has corrected a manifest clerical or typographical error in the numbering of subsections in this section as they appeared in 2010 Ky. Acts ch. 173, sec. 9.

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.
78.625 Filing of contributions, reimbursements, and reports -- Collection -- Suspension of benefits on delinquency.