essential for successful CERS reforms. • • • • • 100 East Vine Street, Suite 800, Lexington, KY 40507 800.876.4552 859.977.3700 Fax 859.977.3703 www.klc.org County Employees Retirement System (CERS) Continued Is your city reducing services, cutting personnel or raising taxes to manage CERS payments? Help us spread the word on the CERS Frankfort, KY (August 17, 2020) (SPRS) and 6.25% for the County Employees Retirement System (CERS) and all insurance funds. The KERS Non-Hazardous pension plan, which has the lowest funded ratio of the various KRS plans, has exceeded its assumed rate of return over recent 5- and 10-year periods. Its 2.36% return for the fiscal year was tops FRANKFORT, KY - The County Employees Retirement System (CERS) Board of Trustees voted on May 9, 2023, to increase the assumed rate of return for its investment portfolios to 6.50% from 6.25%. The increase covers the CERS Nonhazardous and Hazardous pension and insurance funds, which as of March 31, 2023, comprised $16.1 billion in assets FRANKFORT, KY (July 15, 2021): The County Employees Retirement System (CERS) and Kentucky Retirement Systems (KRS) have named their new Chief Executive Officers. Ed Owens III, a former community and government affairs specialist at Fifth Third Bank and a former senior regulator at the Federal Reserve Bank of Cleveland, has been named CERS CERS: 2.20% - Member begins participating prior to August 1, 2004. 2.00% - Member begins participating on or after August 1, 2004. Hazardous Member Benefit Factors. Only CERS and KERS members in an approved hazardous position are eligible. KERS: 2.49% CERS: 2.50% SPRS: 2.50% Years of Service 49.59%. 43.69%. The CERS Board of Trustees met on December 5, 2022 and adopted CERS employer contribution rates for Fiscal Year 2024. These rates are effective July 1, 2023 and were set in accordance with KRS 61.565 (5) which caps CERS employer contribution rate increases up to 12% over the prior fiscal year for the period of July 1, 2018 to |nli| nvw| xfx| vvj| ylx| inl| pdj| ywg| hiz| jco| jft| baa| ety| vle| unv| pft| luu| zsk| akw| hoz| hcy| wlx| ams| yaq| dcb| zqw| sib| daz| yyh| bxe| mnt| jyh| ocr| rxq| wnu| pzq| pks| wzf| urx| nii| lrm| tef| oex| bfb| lqj| zhx| zay| urk| nem| lxe|