FRANKFORT, Ky. (WKYT) – While Fayette County Public Schools Superintendent Demetrus Liggins remains on paid administrative leave, questions have come in about Kentucky’s teacher retirement system and when an employee becomes vested.
Educators and many administrators in Kentucky public schools participate in the Kentucky Teachers’ Retirement System (KTRS), established in 1938. KTRS provides a guaranteed lifetime retirement benefit based on years of service, final average salary, a multiplier and the payment option selected.
In Kentucky, KTRS members generally become vested after five years of service in Kentucky public schools. That means their pension benefit is secured once they meet that service requirement…