{ "document_id": 16534, "page": 52, "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": 15, "counts_by_type": { "footer": 1, "heading": 3, "table": 1, "table_cell": 8, "text": 1, "title": 1 }, "build_ms": 4, "items": [ { "id": "p52.1", "order": 1, "type": "title", "bbox": { "l": 206.4, "t": 756.24, "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": "p52.2", "order": 2, "type": "heading", "bbox": { "l": 51.84, "t": 674.4, "r": 375.84, "b": 661.2 }, "text": "NOTE 8 DEFINED BENEFIT PENSION PLANS (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p52.3", "order": 3, "type": "heading", "bbox": { "l": 105.12, "t": 649.2, "r": 432.96, "b": 636.48 }, "text": "Kentucky Teachers' Retirement System - Defined Benefit Plan", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p52.4", "order": 4, "type": "heading", "bbox": { "l": 124.32, "t": 633.36, "r": 208.08, "b": 621.12 }, "text": "Plan Description", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p52.5", "order": 5, "type": "text", "bbox": { "l": 122.4, "t": 617.76, "r": 560.64, "b": 502.32 }, "text": "The Kentucky Teachers' Retirement System (KTRS), a cost sharing - multiple employer public employee retirement system. KTRS is a defined benefit plan providing for retirement, disability, death benefits and health insurance. Participants have a fully vested interest after the completion of 60 months of service, 12 of which are current service. KTRS issues a publicly available financial report that includes financial statements, required supplementary information, and detailed information about the pension plan's fiduciary net position. That report may be obtained by writing to Kentucky Teachers' Retirement System, 479 Versailles Road, Frankfort, Kentucky, 40601 or by calling (502) 573-3266." }, { "id": "p52.6", "order": 6, "type": "table", "bbox": { "l": 124.08, "t": 490.73543, "r": 554.88, "b": 202.08 }, "text": "", "attrs": { "block_label": "table", "n_rows": 3, "n_cols": 3, "integrity": { "cells_checked": 8, "cells_flagged": 0 } }, "children": [ { "id": "p52.6.1", "order": 7, "type": "table_cell", "bbox": { "l": 128.399072, "t": 465.834498, "r": 221.143818, "b": 442.187319 }, "text": "Benefits Provided\nCovered Employees", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p52.6.2", "order": 8, "type": "table_cell", "bbox": { "l": 253.530459, "t": 490.73543, "r": 379.329385, "b": 392.265383 }, "text": "Tier 1 Participation Prior to July 1, 2008\nUniversity faculty and professional staff that do not choose the Optional Retirement Plan (Deferred Contribution)", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p52.6.3", "order": 9, "type": "table_cell", "bbox": { "l": 412.140003, "t": 490.73543, "r": 537.97, "b": 392.263382 }, "text": "Tier 2 Participation On or After July 1, 2008\nUniversity faculty and professional staff that do not choose the Optional Retirement Plan (Deferred Contribution)", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p52.6.4", "order": 10, "type": "table_cell", "bbox": { "l": 128.399072, "t": 378.590183, "r": 199.051904, "b": 367.423487 }, "text": "Benefit Formula", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.6.5", "order": 11, "type": "table_cell", "bbox": { "l": 253.559526, "t": 379.060465, "r": 502.973344, "b": 367.893769 }, "text": "Final Compensation X Benefit Factor X Years of Service", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 2, "bbox_refit": true } }, { "id": "p52.6.6", "order": 12, "type": "table_cell", "bbox": { "l": 128.399072, "t": 353.630216, "r": 217.499419, "b": 342.46352 }, "text": "Final Compensation", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.6.7", "order": 13, "type": "table_cell", "bbox": { "l": 253.505401, "t": 353.630216, "r": 391.628731, "b": 205.29827 }, "text": "Average of the highest 5 annual salaries reduced 5% per year from the earlier of age 60 or the date 27 years of service would have been completed. Average of the highest 3 annual salaries if age 55 with 27 or more years of service. The minimum annual service allowance for all members is $440 multiplied by credited service.", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.6.8", "order": 14, "type": "table_cell", "bbox": { "l": 412.140003, "t": 353.625213, "r": 550.261328, "b": 205.29326700000001 }, "text": "Average of the highest 5 annual salaries reduced 6% per year from the earlier of age 60 or the date 27 years of service would have been completed. Average of the highest 3 annual salaries if age 55 with 27 or more years of service. The minimum annual service allowance for all members is $440 multiplied by credited service.", "attrs": { "row": 2, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p52.7", "order": 15, "type": "footer", "bbox": { "l": 296.88, "t": 46.08, "r": 314.88, "b": 34.56 }, "text": "(49)", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }