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Governor Signs Pension Reform Bill

Governor Bevin has signed Senate Bill 151, the pension reform bill. View the Senate Bill 151 Summary on our Legislative Updates page.

View Senate Bill 151 Summary

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Electronic Funds Transfer Stubs Have Been Mailed

The 2018 Federal tax withholding rates have been released by the IRS and applied to recipient retirement benefits.  Many recipients will see a decrease in their tax withholding, thus causing their net pay to increase.  An EFT stub has been generated for each recipient who experienced a change in their withholding.  Those stubs were mailed on Tuesday February 20th.  Your tax withholding and other benefit details can be viewed by logging into your retiree self-service account at https://myretirement.ky.gov .

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https://kyret-edit.ky.gov/PublishingImages/Tax.jpgTax Withholding Rates
Federal Legislation made changes to income tax rates, standard deductions, and personal exemptions for tax year 2018. The 2018 tax withholding rates have been released by the IRS and have been updated into our system. These tax withholding rates will be applied to retirement payments processed on or after January 16, 2018. Your tax withholding can be viewed by logging into your retiree self-service account. We encourage you to consult with a qualified tax advisor to receive additional information concerning how these changes affect you as an individual. Retiree Self-Service
https://kyret-edit.ky.gov/PublishingImages/FYI-Card.jpgNew Website Feature: "KRS F.Y.I."
KRS is pleased to announce a new page on our website, “KRS F.Y.I.” This is the latest effort in our ongoing attempts to better connect and communicate with our members and the general public. Check It Out
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