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Retirement Options
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Selecting A Retirement Option
Selecting the "option" under which KTRS will pay your retirement allowance is one of the most important retirement decisions you will make. The KTRS staff is available to work with you to insure your full understanding of all retirement options. The final decision, however, is yours.


You may have an opportunity to change your retirement option if any of these qualifying events occur:

  1. You marry or remarry after the effective date of retirement;
  2. Your beneficiary dies; -- or --
  3. Your marriage ends by divorce, annulment, -- or --dissolution.

If you have experienced a qualifying event and you are determined eligible to change your retirement option, you have sixty (60) days from the date of the qualifying event to make the change with KTRS. In the event of divorce, the sixty (60) day period begins running from the date the divorce is effective by order of the court, not from the date of subsequent orders assigning and dividing marital property.

If you have experienced a qualifying event, you have thirty (30) days from the date of the qualifying event to add/drop a dependent from your health insurance coverage. In the event of marriage, if you miss the thirty (30) day deadline, you will have to wait until the next open enrollment period to add your spouse for health insurance coverage. Divorce automatically terminates the coverage for an ex-spouse, however KTRS needs to be informed within thirty (30) days to make the change effective as soon as possible.

For more detailed information about the KTRS Option Plans, please see pamphlet:

KTRS Retirement Options

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479 Versailles Road, Frankfort, Kentucky 40601 / Phone: 1-800-618-1687