AR 3:1 - University of Kentucky Retirement Plans
It is the Board's intention that University employees be given a wide range of investment options during the years in which contributions are being made on the employees' behalf as well as multiple withdrawal options at the time of retirement. The policies governing the University of Kentucky Retirement Plan are set forth in this administrative regulation and in the respective plan documents. The Board of Trustees authorized the retirement plan carrier(s) (hereafter “carrier”) for University of Kentucky employees. The carrier may be modified from time to time by the Board of Trustees pursuant to section XIV herein.
The University must have plan documents for each retirement plan as required by law. If language in this regulation and the plan document conflict because of changes in state or federal law, the plan document governs.
The policies governing insurance benefits for University retirees are a part of the Human Resources Policy and Procedure Administrative Regulations (HRP&P) and are found in Numbers 91.0, 93.0, and 94.0. Information on insurance programs is not included in this administrative regulation.
Responsible Official / Office: Executive Vice President for Finance and Administration
Effective Date: 04/28/2023