{ "document_id": 16534, "page": 45, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16644, "item_count": 39, "counts_by_type": { "footer": 1, "heading": 2, "table": 1, "table_cell": 34, "title": 1 }, "build_ms": 9, "items": [ { "id": "p45.1", "order": 1, "type": "title", "bbox": { "l": 206.64, "t": 756, "r": 405.36, "b": 717.6 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2023", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p45.2", "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": "p45.3", "order": 3, "type": "heading", "bbox": { "l": 107.52, "t": 650.16, "r": 507.12, "b": 620.16 }, "text": "Kentucky Employees' Retirement System - Defined Benefit Plan (Continued)\nPlan Description (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p45.4", "order": 4, "type": "table", "bbox": { "l": 123.12, "t": 616.86742, "r": 555.36, "b": 116.64 }, "text": "", "attrs": { "block_label": "table", "n_rows": 10, "n_cols": 4, "integrity": { "cells_checked": 34, "cells_flagged": 1, "flags": [ { "row": 6, "col": 2, "coverage": 0.31, "text": "10 years or less = 1.30%. Greater than 10 years, but no mor…" } ] } }, "children": [ { "id": "p45.4.1", "order": 5, "type": "table_cell", "bbox": { "l": 128.101187, "t": 573.007283, "r": 180.018865, "b": 564.119459 }, "text": "Nonhazardous", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p45.4.2", "order": 6, "type": "table_cell", "bbox": { "l": 239.641058, "t": 594.967216, "r": 311.601492, "b": 564.119596 }, "text": "Tier 1 Participation Prior to September 1, 2008", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p45.4.3", "order": 7, "type": "table_cell", "bbox": { "l": 354.477083, "t": 616.86742, "r": 424.663851, "b": 564.119596 }, "text": "Tier 2 Participation September 1, 2008 Through December 31, 2013", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p45.4.4", "order": 8, "type": "table_cell", "bbox": { "l": 474.944358, "t": 594.967216, "r": 532.116784, "b": 564.119596 }, "text": "Tier 3 Participation January 1, 2014", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p45.4.5", "order": 9, "type": "table_cell", "bbox": { "l": 128.1, "t": 555.610044, "r": 208.425087, "b": 536.578714 }, "text": "Unreduced Retirement Benefit", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.6", "order": 10, "type": "table_cell", "bbox": { "l": 224.579665, "t": 555.610044, "r": 320.145357, "b": 485.998459 }, "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": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.7", "order": 11, "type": "table_cell", "bbox": { "l": 338.519016, "t": 555.610044, "r": 548.130222, "b": 516.358722 }, "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": 1, "col": 2, "rowspan": 1, "colspan": 2, "bbox_refit": true } }, { "id": "p45.4.8", "order": 12, "type": "table_cell", "bbox": { "l": 128.1, "t": 472.809256, "r": 201.351172, "b": 453.838474 }, "text": "Reduced Retirement Benefit", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.9", "order": 13, "type": "table_cell", "bbox": { "l": 224.579665, "t": 472.809256, "r": 324.402318, "b": 443.698204 }, "text": "Any age with 25 years of service. Age 55 with 5 years of service.", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.10", "order": 14, "type": "table_cell", "bbox": { "l": 338.519016, "t": 472.809256, "r": 439.364999, "b": 423.417663 }, "text": "Age 60 with 10 years of service. Excludes purchased service (exception: refunds, omitted, free military).", "attrs": { "row": 2, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.11", "order": 15, "type": "table_cell", "bbox": { "l": 452.518233, "t": 472.809256, "r": 531.945311, "b": 453.838474 }, "text": "No reduced retirement benefit.", "attrs": { "row": 2, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.12", "order": 16, "type": "table_cell", "bbox": { "l": 128.1, "t": 405.491311, "r": 166.700806, "b": 396.598689 }, "text": "Hazardous", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 4, "bbox_refit": true } }, { "id": "p45.4.13", "order": 17, "type": "table_cell", "bbox": { "l": 128.1, "t": 388.631311, "r": 184.493353, "b": 379.738689 }, "text": "Benefit Formula", "attrs": { "row": 4, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.14", "order": 18, "type": "table_cell", "bbox": { "l": 224.574078, "t": 388.631311, "r": 295.598987, "b": 379.738689 }, "text": "Final Compensation × Benefit", "attrs": { "row": 4, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.15", "order": 19, "type": "table_cell", "bbox": { "l": 339.24, "t": 416.448, "r": 447.3, "b": 366.48 }, "text": "Factor × Years of Service", "attrs": { "row": 4, "col": 2, "rowspan": 1, "colspan": 1 } }, { "id": "p45.4.16", "order": 20, "type": "table_cell", "bbox": { "l": 452.577302, "t": 388.631311, "r": 520.510666, "b": 379.738689 }, "text": "Cash Balance Plan", "attrs": { "row": 4, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.17", "order": 21, "type": "table_cell", "bbox": { "l": 128.1, "t": 372.251674, "r": 199.221495, "b": 363.359051 }, "text": "Final Compensation", "attrs": { "row": 5, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.18", "order": 22, "type": "table_cell", "bbox": { "l": 224.579665, "t": 372.251674, "r": 322.772332, "b": 322.860166 }, "text": "Highest 3 fiscal years (must contain at least 24 months). Includes lumpsum compensation payments (before and at retirement).", "attrs": { "row": 5, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.19", "order": 23, "type": "table_cell", "bbox": { "l": 338.519016, "t": 372.252471, "r": 429.039894, "b": 302.58164 }, "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": 5, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.20", "order": 24, "type": "table_cell", "bbox": { "l": 452.518233, "t": 372.254065, "r": 536.02267, "b": 363.361442 }, "text": "No Final Compensation", "attrs": { "row": 5, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.21", "order": 25, "type": "table_cell", "bbox": { "l": 128.1, "t": 289.453866, "r": 177.859264, "b": 280.561243 }, "text": "Benefit Factor", "attrs": { "row": 6, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.22", "order": 26, "type": "table_cell", "bbox": { "l": 224.580464, "t": 289.453866, "r": 247.232635, "b": 280.561243 }, "text": "2.49%", "attrs": { "row": 6, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.23", "order": 27, "type": "table_cell", "bbox": { "l": 339.24, "t": 316.512, "r": 447.3, "b": 266.544 }, "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": 6, "col": 2, "rowspan": 1, "colspan": 1 } }, { "id": "p45.4.24", "order": 28, "type": "table_cell", "bbox": { "l": 452.518233, "t": 289.455459, "r": 551.872325, "b": 219.784628 }, "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": 6, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.25", "order": 29, "type": "table_cell", "bbox": { "l": 128.1, "t": 205.81699500000002, "r": 197.356031, "b": 186.78471100000002 }, "text": "Cost of Living Adjustment (COLA)", "attrs": { "row": 7, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.26", "order": 30, "type": "table_cell", "bbox": { "l": 224.579665, "t": 206.29987400000005, "r": 541.718839, "b": 187.26759000000004 }, "text": "No COLA unless authorized by the Legislature. If authorized, the COLA is limited to 1.5%. This impacts all retirees regardless of Tier.", "attrs": { "row": 7, "col": 1, "rowspan": 1, "colspan": 3, "bbox_refit": true } }, { "id": "p45.4.27", "order": 31, "type": "table_cell", "bbox": { "l": 128.1, "t": 178.81720700000005, "r": 208.425087, "b": 159.78492300000005 }, "text": "Unreduced Retirement Benefit", "attrs": { "row": 8, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.28", "order": 32, "type": "table_cell", "bbox": { "l": 224.579665, "t": 178.81720700000005, "r": 311.833388, "b": 149.645261 }, "text": "Any age with 20 years of service. Age 55 with 60 months of service.", "attrs": { "row": 8, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.29", "order": 33, "type": "table_cell", "bbox": { "l": 338.519016, "t": 178.81800399999997, "r": 425.829413, "b": 149.64605800000004 }, "text": "Any age with 25 years of service. Age 60 with 60 months of service.", "attrs": { "row": 8, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.30", "order": 34, "type": "table_cell", "bbox": { "l": 452.518233, "t": 178.818801, "r": 539.771956, "b": 149.64685499999996 }, "text": "Any age with 25 years of service. Age 60 with 60 months of service.", "attrs": { "row": 8, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.31", "order": 35, "type": "table_cell", "bbox": { "l": 128.1, "t": 139.93987200000004, "r": 201.351172, "b": 120.96734900000001 }, "text": "Reduced Retirement Benefit", "attrs": { "row": 9, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.32", "order": 36, "type": "table_cell", "bbox": { "l": 224.579665, "t": 139.93987200000004, "r": 307.933237, "b": 120.96734900000001 }, "text": "Age 50 with 15 years of service.", "attrs": { "row": 9, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.33", "order": 37, "type": "table_cell", "bbox": { "l": 338.519016, "t": 139.93987200000004, "r": 421.921279, "b": 120.96734900000001 }, "text": "Age 50 with 15 years of service.", "attrs": { "row": 9, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p45.4.34", "order": 38, "type": "table_cell", "bbox": { "l": 452.518233, "t": 139.93987200000004, "r": 531.945311, "b": 120.96734900000001 }, "text": "No reduced retirement benefit.", "attrs": { "row": 9, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p45.5", "order": 39, "type": "footer", "bbox": { "l": 296.88, "t": 45.84, "r": 315.12, "b": 34.8 }, "text": "(42)", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }