Kentucky Statutes 16.555 – Assets of the system — Accounts
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All the assets of the system shall be held and invested in the State Police Retirement Fund and credited, according to the purpose for which they are held, to one (1) of three (3) accounts: the “members’ account,” the “retirement allowance account,” and accounts established pursuant to 26 U.S.C. § 401(h) within the funds established in KRS § 16.510 and KRS § 61.515, as prescribed by KRS § 61.702(3)(b).
Effective:April 1, 2021
History: Amended 2021 Ky. Acts ch. 102, sec. 33, effective April 1, 2021. — Amended 2013 Ky. Acts ch. 120, sec. 35, effective July 1, 2013. — Amended
2009 Ky. Acts ch. 77, sec. 3, effective June 25, 2009. — Created 1958 Ky. Acts ch. 94, sec. 11, effective July 1, 1958.
Effective:April 1, 2021
Terms Used In Kentucky Statutes 16.555
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
History: Amended 2021 Ky. Acts ch. 102, sec. 33, effective April 1, 2021. — Amended 2013 Ky. Acts ch. 120, sec. 35, effective July 1, 2013. — Amended
2009 Ky. Acts ch. 77, sec. 3, effective June 25, 2009. — Created 1958 Ky. Acts ch. 94, sec. 11, effective July 1, 1958.