Retired Members ...
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Reminder to KTRS Retirees

If you provide services for any KTRS employer and the KTRS employer is NOT going to put you on payroll or make KTRS contributions to a new account, then you (the retiree) must have that employer obtain an exemption from KTRS using Form 30-E before you begin providing the services.
*An example might be a retiree who is hired by a third party and then sent into a school district to train teachers or administrators. A form 30-E exemption is required to be submitted by the KTRS employer.

This exemption is very important even if retirees are consultants, private agents, independent contractors, or providing services through a third party. All KTRS employers must obtain an exemption for retirees coming into their district before retirees begin providing services unless they withhold KTRS contributions from the compensation paid to or on behalf of the retiree. KTRS retirees are responsible for having a KTRS exemption letter in hand before beginning services.

Keep in mind exemptions must be renewed EACH YEAR for all services the retiree is providing in which KTRS contributions are not withheld.

 


Return to Work --

Local School Districts, KCTCS Technical Colleges & most state agencies
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Information on this page includes:
  1. Return to Work Provisions-
    Chart showing explanation of programs


  2. Waiving of Retirement Annuity

  3. Part-time

  4. Full-time

  5. Critical Shortage

  6. Daily Wage Threshold (DWT)

  7. Employment in a non-KTRS Position

  8. Understanding Breaks in Service Guidlelines with Questions & Answers

  9. Your Second Retirement Account


 


Return to Work --

Local School Districts, KCTCS Technical Colleges
& most state agencies

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1. Chart showing Return to Work Provisions

Please download this .pdf file:
 DOWNLOAD

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2. Waiving of Retirement Annuity
You may return to full-time employment in a KTRS position by waiving your retirement. In this program, you stop receiving your retirement check and will make contributions to the retirement account from which you retired. At the time you elect to retire for a second time, the service credit earned (if equivalent to at least one year) and the salaries earned (if higher than the original salaries) will be used to recalculate your retirement benefit. If the time employed in this program is less than one year of service credit, than the retirement contributions paid will be refunded and your retirement check will be the same as before. You can reduce or remove discounts due to age or years of service by electing this program.

You may download the necessary form here:

Form 29 – Application for Waiver

 DOWNLOAD


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3. Part-time
You may return to part-time employment in a KTRS position by fulfilling a complete three-month break in service from your last day of duties prior to retiring. A limitation on the number of days you may work and the salary you earn exists. The number of days employed is limited to less than 70% of the contract days a full-time person is required to work in the position you are being employed. For a quick calculation, multiply the contract days required by the full-time employee by 69%. The salary you may earn is limited to 65% of the daily rate earned the twelve months prior to your retirement if you have less than 30 years of service. The salary you may earn is limited to 75% of the daily rate earned the twelve months prior to your retirement if you have 30 years or more of service credit. This salary limitation is called your daily wage threshold (DWT) and must be calculated by KTRS.

You are contributing to a second retirement account while continuing to receive your retirement check. You may retire this account after earning five years of service credit and receive a second retirement check.

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4. Full-time
You may return to full-time employment in a KTRS position with a different employer from which you retired after fulfilling a complete three-month break in service from your last day of duties prior to retiring. If you wish to return to the same employer from which you retired, you must fulfill a complete one-year break in service from your last day of duties prior to retiring. Your salary is limited to your daily wage threshold (DWT) that must be obtained from KTRS. Participation in this program must be approved by KTRS prior to your employment beginning.

You are contributing to a second retirement account while continuing to receive your retirement check. You may retire this account after earning five years of service credit and receive a second retirement check.

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5. Critical Shortage
You may return to either part-time or full-time employment in a KTRS position after fulfilling the necessary break in service. A complete three-month break in service from your last day of duties prior to retiring is required for part-time employment with any KTRS employer or for full-time employment with a different KTRS employer from which you retired. A complete twelve-month break in service from your last day of duties prior to retiring is required for full-time employment with the same employer from which you retired. Your salary is not limited to a daily wage threshold (DWT). The number of days you are permitted to work are limited to less than 70% of the number of days a full-time person is required to work in the same position if you are employed part-time.
Participation in this program must be approved by KTRS prior to your employment beginning.

You are contributing to a second retirement account while continuing to receive your retirement check. You may retire this account after earning five years of service credit and receive a second retirement check.


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6. Daily Wage Threshold (DWT)
arDOWNLOAD d

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7. Employment in Non-KTRS Positions
Retired members who wish to return to employment with KTRS employers in positions that do not qualify for KTRS membership may do so. Prior to the retiree’s employment in a “non-KTRS” position, the employer must submit a Form 30-E, Request for Exemption from KTRS Employment Limitations. KTRS will notify the employer and the retired member whether the KTRS return to work provisions apply, or whether the retiree is exempt from the application of these provisions. Failure by the employer to submit the Form 30-E and obtain a written determination by KTRS will cause the retiree to be in violation of the return to work provisions.

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8. Understanding Breaks in Service

Breaks in Service After Retirement
Retired members returning to work under these provisions must experience a complete break in service before returning [to work] in any capacity either part-time or full-time in a KTRS position. All new retirees who desire to return to work on a part-time or substitute basis must experience at least a complete three-month break before returning to covered employment in a KTRS position. Part-time/substitute employment is defined as employment for less than seven-tenths of the contract days in the position for which you are being employed.

All retirees must experience a complete break in service of one year before returning to work full-time with the same employer and full-time retirees must experience a minimum three-month complete break in service before returning to work with a different employer. Full-time employment is defined as employment equal to or greater than seven-tenths of the contract days in the position for which the member is being re-employed.

Alternative Breaks in Service
A retired member may return to employment after a complete two (2) month break in service. This opportunity to return to work earlier requires the retired member to forfeit his or her retirement allowance for the balance of the required standard break in service. To return to part-time employment with any employer or full-time employment with an employer from which the member did not retire, the retired member must forfeit one (1) month’s retirement allowance following the complete two (2) month break in service. To return to work full-time with the same employer from which the member retired, the retired member would forfeit ten (10) month’s of retirement allowance following the complete two (2) month break in service. For retired members returning to full-time employment for the same employer from which they retired, the forfeiture of their retirement allowance is required on a month-for-month basis for each month that the member has less than a full twelve (12) month break in service. A minimum, complete two (2) month break in service is required under all of the foregoing scenarios.


Break In Service Guidelines: Questions and Answers


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9. Your Second Retirement Account
Whenever you return to work in the part-time, full-time, or critical shortage,you will start contributing to a second retirement account. After earning five years of service credit, you may retire this account and receive another lifetime retirement check.

If you end your employment before you are vested, you may apply for a REFUND or ROLLOVER of your account. Refund applications will be available in the fall following your last school year of employment and after the annual statements are mailed.

You may call for the Refund Application @ 1-800-618-1687.

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