Retirement

Kentucky Public Pension Authority (KPPA)

KPPA is the retirement system that LFUCG uses.  

Contributions

Non-bargaining employees:       

  • Eligible hires begin paying 6 percent of their gross income to KPPA in their sixth month of employment (hire month is considered to be month one)
  • Unclassified employees or LFUCG rehires that did not take a withdrawal start immediately.
  • If an employee began participating in KPPA prior to Sept. 1, 2008 and has never taken a withdrawal, that employee pays 5 percent of their gross income to KPPA
     

Corrections (hazardous) employees:

  • Eligible hires begin paying 9 percent of their gross income to KPPA in their sixth month of employment (hire month is considered to be month one)
  • LFUCG rehires that did not take a withdrawal start immediately.
  • If an employee began participating in KRS prior to Sept. 1, 2008 and has never taken a withdrawal, that employee pays 8 percent of their gross income to KPPA


The KRS self-service site offers employees information about their starting contribution dates, contribution amounts and more.  

Eligibility 

All full-time classified and unclassified civil service LFUCG employees are required to pay into the KRS.

Employees who are classified as non-participating are ineligible to make KRS contributions. Examples of non-participating include part-time, seasonal or temporary employees.

Optional retirement planning

In addition to KPPA retirement, LFUCG employees have the opportunity to invest in additional retirement planning through Kentucky Deferred Comp or MissionSquare. Both groups provide tax-deferred savings and investment opportunities. 

Employees can add new accounts or make changes to existing accounts at any time during the year.  

Kentucky Deferred Compensation
kentuckyplans.com
Phone: (800) 542-2667 or (502) 573-7925, Monday – Friday, 8 a.m. – 4:30 p.m.

Below are the forms to enroll or make changes to different types of Kentucky Deferred Compensation plans:


MissionSquare
icmarc.org
Phone: (800) 669-7400, Monday – Friday, 8 a.m. – 9 p.m.

Below are the forms to enroll or make changes to different types of MissionSquare plans:

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