{ "document_id": 16528, "page": 40, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16639, "item_count": 45, "counts_by_type": { "footer": 1, "heading": 2, "table": 2, "table_cell": 38, "text": 1, "title": 1 }, "build_ms": 11, "items": [ { "id": "p40.1", "order": 1, "type": "title", "bbox": { "l": 206.64, "t": 756, "r": 405.36, "b": 717.84 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2024", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p40.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 674.4, "r": 300.96, "b": 661.68 }, "text": "NOTE 8 DEFINED BENEFIT PENSION PLANS", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p40.3", "order": 3, "type": "heading", "bbox": { "l": 106.8, "t": 649.68, "r": 507.12, "b": 620.4 }, "text": "Kentucky Employees' Retirement System - Defined Benefit Plan (Continued)\nPlan Description (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p40.4", "order": 4, "type": "table", "bbox": { "l": 125.28, "t": 616.990212, "r": 555.6, "b": 258.03511100000003 }, "text": "", "attrs": { "block_label": "table", "n_rows": 10, "n_cols": 4, "integrity": { "cells_checked": 30, "cells_flagged": 1, "flags": [ { "row": 6, "col": 2, "coverage": 0, "text": "Factor × Years of Service" } ] } }, "children": [ { "id": "p40.4.1", "order": 5, "type": "table_cell", "bbox": { "l": 366.302765, "t": 616.990212, "r": 410.930535, "b": 598.748472 }, "text": "Tier 2 Participation", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 4, "bbox_refit": true } }, { "id": "p40.4.2", "order": 6, "type": "table_cell", "bbox": { "l": 264.722941, "t": 596.957465, "r": 285.408861, "b": 588.732098 }, "text": "Tier 1", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 2, "bbox_refit": true } }, { "id": "p40.4.3", "order": 7, "type": "table_cell", "bbox": { "l": 354.106386, "t": 596.957465, "r": 423.028152, "b": 588.732098 }, "text": "September 1, 2008", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.4", "order": 8, "type": "table_cell", "bbox": { "l": 491.905393, "t": 596.957465, "r": 512.581598, "b": 588.732098 }, "text": "Tier 3", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.5", "order": 9, "type": "table_cell", "bbox": { "l": 128.163325, "t": 576.9836809999999, "r": 180.437916, "b": 568.758314 }, "text": "Nonhazardous", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.6", "order": 10, "type": "table_cell", "bbox": { "l": 238.502264, "t": 587.000054, "r": 311.551013, "b": 568.744846 }, "text": "Participation Prior to September 1, 2008", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.7", "order": 11, "type": "table_cell", "bbox": { "l": 353.008003, "t": 587.000054, "r": 424.074213, "b": 568.744846 }, "text": "Through December 31, 2013", "attrs": { "row": 2, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.8", "order": 12, "type": "table_cell", "bbox": { "l": 473.27178, "t": 587.000054, "r": 531.150746, "b": 568.744846 }, "text": "Participation January 1, 2014", "attrs": { "row": 2, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.9", "order": 13, "type": "table_cell", "bbox": { "l": 128.16, "t": 561.079521, "r": 209.410907, "b": 544.734706 }, "text": "Unreduced Retirement Benefit", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.10", "order": 14, "type": "table_cell", "bbox": { "l": 224.21883, "t": 561.079521, "r": 321.288763, "b": 501.296953 }, "text": "Any age with 27 years of service. Age 65 with 48 months of service. Money purchase for age 65 with less than 48 months based on contributions and interest.", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.11", "order": 15, "type": "table_cell", "bbox": { "l": 337.795889, "t": 561.086372, "r": 549.946987, "b": 527.3417939999999 }, "text": "Rule of 87: Member must be at least age 57 and age plus earned service must equal 87 years at retirement to retire under this provision. Age 65 with 5 years of earned service. No month purchased calculations.", "attrs": { "row": 3, "col": 2, "rowspan": 1, "colspan": 2, "bbox_refit": true } }, { "id": "p40.4.12", "order": 16, "type": "table_cell", "bbox": { "l": 128.16, "t": 491.124258, "r": 202.2749, "b": 474.779442 }, "text": "Reduced Retirement Benefit", "attrs": { "row": 4, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.13", "order": 17, "type": "table_cell", "bbox": { "l": 224.21883, "t": 491.124258, "r": 312.623553, "b": 466.141214 }, "text": "Any age with 25 years of service. Age 55 with 5 years of service.", "attrs": { "row": 4, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.14", "order": 18, "type": "table_cell", "bbox": { "l": 337.795889, "t": 491.124258, "r": 422.271963, "b": 448.741452 }, "text": "Age 60 with 10 years of service. Excludes purchased service (exception: refunds, omitted, free military).", "attrs": { "row": 4, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.15", "order": 19, "type": "table_cell", "bbox": { "l": 451.372948, "t": 491.124258, "r": 531.795706, "b": 474.779442 }, "text": "No reduced retirement benefit.", "attrs": { "row": 4, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.16", "order": 20, "type": "table_cell", "bbox": { "l": 128.16, "t": 434.240155, "r": 166.996392, "b": 426.594439 }, "text": "Hazardous", "attrs": { "row": 5, "col": 0, "rowspan": 1, "colspan": 4, "bbox_refit": true } }, { "id": "p40.4.17", "order": 21, "type": "table_cell", "bbox": { "l": 128.16, "t": 420.020155, "r": 185.424533, "b": 412.374439 }, "text": "Benefit Formula", "attrs": { "row": 6, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.18", "order": 22, "type": "table_cell", "bbox": { "l": 224.182401, "t": 420.020155, "r": 296.287238, "b": 412.374439 }, "text": "Final Compensation × Benefit", "attrs": { "row": 6, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.19", "order": 23, "type": "table_cell", "bbox": { "l": 340.44, "t": 402.576, "r": 448.02, "b": 367.392 }, "text": "Factor × Years of Service", "attrs": { "row": 6, "col": 2, "rowspan": 1, "colspan": 1 } }, { "id": "p40.4.20", "order": 24, "type": "table_cell", "bbox": { "l": 451.372948, "t": 420.020155, "r": 520.269618, "b": 412.374439 }, "text": "Cash Balance Plan", "attrs": { "row": 6, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.21", "order": 25, "type": "table_cell", "bbox": { "l": 128.16, "t": 406.098923, "r": 200.233265, "b": 398.453207 }, "text": "Final Compensation", "attrs": { "row": 7, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.22", "order": 26, "type": "table_cell", "bbox": { "l": 224.21883, "t": 406.098923, "r": 323.99745, "b": 363.711786 }, "text": "Highest 3 fiscal years (must contain at least 24 months). Includes lumpsum compensation payments (before and at retirement).", "attrs": { "row": 7, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.23", "order": 27, "type": "table_cell", "bbox": { "l": 337.795889, "t": 406.098923, "r": 429.527781, "b": 346.310246 }, "text": "3 highest salaries; each year must contain 12 months. Lump-sum compensation payments (before and at retirement) are not to be included in creditable compensation.", "attrs": { "row": 7, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.24", "order": 28, "type": "table_cell", "bbox": { "l": 451.372948, "t": 406.092072, "r": 535.961547, "b": 398.446356 }, "text": "No Final Compensation", "attrs": { "row": 7, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.25", "order": 29, "type": "table_cell", "bbox": { "l": 128.151905, "t": 336.12966, "r": 178.725672, "b": 328.483944 }, "text": "Benefit Factor", "attrs": { "row": 8, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.26", "order": 30, "type": "table_cell", "bbox": { "l": 224.209925, "t": 336.12966, "r": 247.128529, "b": 328.483944 }, "text": "2.49%", "attrs": { "row": 8, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.27", "order": 31, "type": "table_cell", "bbox": { "l": 340.44, "t": 332.208, "r": 448.02, "b": 297.024 }, "text": "10 years or less = 1.30%. Greater than 10 years, but no more than 20 years =1.50%. Greater than 20 years, but no more than 26 years = 2.25%. Greater than 25 years = 2.50%.", "attrs": { "row": 8, "col": 2, "rowspan": 1, "colspan": 1 } }, { "id": "p40.4.28", "order": 32, "type": "table_cell", "bbox": { "l": 451.364852, "t": 336.122809, "r": 551.893097, "b": 276.33413199999995 }, "text": "No benefit factor. A life annuity can be calculated in accordance with actuarial assumptions and methods adopted by the board based on member's accumulated account balance.", "attrs": { "row": 8, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.29", "order": 33, "type": "table_cell", "bbox": { "l": 128.143809, "t": 265.680827, "r": 177.250709, "b": 258.03511100000003 }, "text": "Cost of Living", "attrs": { "row": 9, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.4.30", "order": 34, "type": "table_cell", "bbox": { "l": 232.86, "t": 297.024, "r": 555.6, "b": 261.84 }, "text": "No COL A unless authorized by the Legislature. If authorized, the COL A is limited to 1.5%.", "attrs": { "row": 9, "col": 1, "rowspan": 1, "colspan": 3 } } ] }, { "id": "p40.5", "order": 35, "type": "text", "bbox": { "l": 125.52, "t": 266.88, "r": 546.24, "b": 247.44 }, "text": "Cost of Living No COLA unless authorized by the Legislature. If authorized, the COLA is limited to 1.5%. Adjustment (COLA) This impacts all retirees regardless of Tier." }, { "id": "p40.6", "order": 36, "type": "table", "bbox": { "l": 125.52, "t": 244.8, "r": 541.92, "b": 191.52 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 4, "integrity": { "cells_checked": 8, "cells_flagged": 0 } }, "children": [ { "id": "p40.6.1", "order": 37, "type": "table_cell", "bbox": { "l": 128.143809, "t": 242.757381, "r": 209.394716, "b": 226.47255399999995 }, "text": "Unreduced Retirement Benefit", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.2", "order": 38, "type": "table_cell", "bbox": { "l": 224.202639, "t": 242.757381, "r": 312.607363, "b": 217.77178400000003 }, "text": "Any age with 20 years of service. Age 55 with 60 months of service.", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.3", "order": 39, "type": "table_cell", "bbox": { "l": 337.779698, "t": 242.757381, "r": 426.206279, "b": 217.77178400000003 }, "text": "Any age with 25 years of service. Age 60 with 60 months of service.", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.4", "order": 40, "type": "table_cell", "bbox": { "l": 451.356757, "t": 242.757381, "r": 539.761481, "b": 217.77178400000003 }, "text": "Any age with 25 years of service. Age 60 with 60 months of service.", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.5", "order": 41, "type": "table_cell", "bbox": { "l": 128.135714, "t": 210.05755799999997, "r": 202.250614, "b": 193.71107199999994 }, "text": "Reduced Retirement Benefit", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.6", "order": 42, "type": "table_cell", "bbox": { "l": 224.194544, "t": 210.05755799999997, "r": 308.674666, "b": 193.71107199999994 }, "text": "Age 50 with 15 years of service.", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.7", "order": 43, "type": "table_cell", "bbox": { "l": 337.771603, "t": 210.05755799999997, "r": 422.247677, "b": 193.71107199999994 }, "text": "Age 50 with 15 years of service.", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p40.6.8", "order": 44, "type": "table_cell", "bbox": { "l": 451.348662, "t": 210.05755799999997, "r": 531.77142, "b": 193.71107199999994 }, "text": "No reduced retirement benefit.", "attrs": { "row": 1, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p40.7", "order": 45, "type": "footer", "bbox": { "l": 297.12, "t": 46.08, "r": 315.12, "b": 34.56 }, "text": "(37)", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }