Scam Alert

Some members have recently been contacted by individuals claiming to represent Kentucky Retirement Systems or our Health Insurance partner UMR. This is not a legitimate call. You should not receive any unsolicited phone calls from KRS or UMR. If you receive one of these phone calls do not divulge any personal information to the caller.

To report an incident, or if you have questions or concerns, please contact our office at (502) 696-8800 or toll free at (800) 928-4646.

 Kentucky Public Retirees Presentation

This presentation was recently made by KRS staff at the 2009 Annual Meeting of the Kentucky Public Retirees, a non-profit organization of retired Kentucky public employees. Click here to see the presentation.

 Request for Nominations

In early 2010, employees, inactive members and retired members of the Kentucky Employees Retirement System (KERS) will vote for two individuals to serve on the KRS Board of Trustees.

Per Kentucky Revised Statute 61.645, the Board may place three names on the ballot for each position to be filled. The Board of Trustees is requesting names of members who would be interested in running for the two KERS trustee positions. Click here for more information.

 Spring 2009 Member and Employer Newsletter

Inside this Issue: Updates on the most recent Legislative Session, changes to the KRS Board of Trustees, and KRS Security Information. Click here for the Spring 2009 newsletter.

Board Chairman Announces Committee Assignments

The Kentucky Retirement Systems Board of Trustees held its annual meeting on April 2, 2009. Randy Overstreet, the State Police Retirement System representative on the Board, was re-elected as Chairman, and Vince Lang was elected as vice-chair. One of the primary responsibilities of the newly-elected Chairman is to assign each of the trustees to Board committees. Click here to read more.

Click here for a complete list of committee memberships.

2009-2010 Employer Contribution Rates

The KRS Board of Trustees has adopted the employer contribution rates for fiscal year beginning July 1, 2009 based upon the results of the most recent actuarial valuation and legislative enactments, including House Bill 117, enacted during the 2009 legislative session. Click here for more information.

Changes to Federal Income Tax Withholding On Retiree Benefit Payments

Newly implemented federal withholding tables for 2009 may have changed the amount of federal tax withholding that is being withheld from your monthly payments. The new tables, prescribed by the US Department of the Treasury, reflect the Making Work Pay credit and other changes resulting from the American Recovery and Reinvestment Act of 2009.

You do not have to submit a Form W-4P, “Withholding Certificate for Pension or Annuity Payments”, to get the automatic withholding change. If you do not want to have your withholding reduced, you may want to file a new Form W-4P with Kentucky Retirement Systems. Specific questions regarding your tax situation should be addressed to your tax consultant.

For additional help, obtain IRS Publication 919, “How Do I Adjust My Tax Withholding?”, or visit the IRS website at www.irs.gov and use the “Withholding Calculator”.

Planning a Visit to the KRS offices in Frankfort?

Before making a visit to the retirement office in Frankfort, there are several things you should know. Appointments are required and members who visit the office without an appointment will experience significant delays.

Click here to learn more about visiting the KRS office.