- The first page of the statement shows summary information about your account.
- The second page details how your account balance and years of service changed from last year to this year. It also lists the beneficiary information for your account that KTRS currently has on file.
- The third page details your salary and service credit earned by each year worked for a KTRS employer over the last 30 years.
The accuracy of the information contained in this statement is important to your retirement and serves as the basis for preparing an estimate of your retirement benefits.
To assist members in maintaining accurate retirement accounts, KTRS will perform service credit audits on accounts of members who will be eligible to retire in the next two years. You can help by carefully reviewing your statement to assure its accuracy. Please pay particular attention to the total service credit ending balance at June 30, (current fiscal year). Members are entitled to receive a full year of service credit if they have no more than five days without pay during a year. Your employer furnished the salary and service credit information reflected on your statement.
We hope you find this new annual statement format helpful in understanding the great asset you have in your KTRS retirement account-your defined benefit group retirement plan.