What services can Kentucky government employees access through the My Retirement website?


Quick Answer

Through the My Retirement website, Kentucky government employees can obtain information such as their business estimates, annual statements, service purchase estimates and issue account balance letters. Employees can also view their account histories through the website, notes Kentucky Retirement Systems.

Continue Reading

Full Answer

Employees can use online calculators on the website to estimate the cost of purchasing participation services or monthly estimates using an installment plan, says KRS. The public estimate calculator generates customized benefit estimates from real-time data. A member provides his date of birth, projected retirement date, participation date and details of the beneficiaries.

Registered employees can also use the website to issue account balance letters to their mails or emails, explains KRS. The letters contain details such as the employee's contributions, interests and total service. Additionally, Kentucky government employees can view account details such as service credit and beneficiary information from the website. They can also view their active retirement systems, member identification number and current retirement plan information.

An account history page on the website gives employees an overview of their contributions, salaries and service since the time they began participation, according to KRS. This page displays information such as active and inactive retirement plans, employee's recent employers and the participation date. A service summary section provides a breakdown of the salary and service credit that the employer reports to KRS in a given fiscal year.

Learn more about Financial Planning

Related Questions