{ "document_id": 16537, "page": 38, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16648, "item_count": 18, "counts_by_type": { "footer": 1, "heading": 4, "text": 12, "title": 1 }, "build_ms": 2, "items": [ { "id": "p38.1", "order": 1, "type": "title", "bbox": { "l": 216, "t": 763.68, "r": 395.52, "b": 728.16 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2018", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p38.2", "order": 2, "type": "heading", "bbox": { "l": 69.84, "t": 693.84, "r": 348.96, "b": 679.68 }, "text": "NOTE 8 – DEFINED BENEFIT PENSION PLANS (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p38.3", "order": 3, "type": "text", "bbox": { "l": 70.56, "t": 670.56, "r": 153.36, "b": 656.88 }, "text": "Benefits Provided" }, { "id": "p38.4", "order": 4, "type": "text", "bbox": { "l": 240.96, "t": 645.12, "r": 534, "b": 611.28 }, "text": "Tier 1\nParticipation Prior to\n July 1, 2008\nTier 2\nParticipation on or After\n July 1, 2008" }, { "id": "p38.5", "order": 5, "type": "heading", "bbox": { "l": 80.88, "t": 599.52, "r": 168.72, "b": 585.84 }, "text": "Covered Employees:", "level": 3 }, { "id": "p38.6", "order": 6, "type": "text", "bbox": { "l": 204, "t": 599.52, "r": 548.4, "b": 554.4 }, "text": "University faculty and professional staff that do not choose the Optional Retirement Plan (Deferred Contribution)\nUniversity faculty and professional staff that do not choose the Optional Retirement Plan (Deferred Contribution)" }, { "id": "p38.7", "order": 7, "type": "heading", "bbox": { "l": 80.88, "t": 543.36, "r": 150.96, "b": 529.68 }, "text": "Benefit Formula:", "level": 3 }, { "id": "p38.8", "order": 8, "type": "text", "bbox": { "l": 80.64, "t": 542.16, "r": 432, "b": 527.76 }, "text": "Final Compensation X Benefit Factor X Years of Service" }, { "id": "p38.9", "order": 9, "type": "text", "bbox": { "l": 80.64, "t": 513.12, "r": 167.28, "b": 499.44 }, "text": "Final Compensation:\nAverage of the highest 5 annual\nsalaries reduced 5% per year from the\nearlier of age 60 or the date 27 years\nof service would have been\ncompleted. Average of the highest 3\nannual salaries if age 55 with 27 or\nmore years of service. The minimum\nannual service allowance for all\nmembers is $440 multiplied by\ncredited service." }, { "id": "p38.10", "order": 10, "type": "text", "bbox": { "l": 203.52, "t": 512.4, "r": 360.72, "b": 406.56 }, "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." }, { "id": "p38.11", "order": 11, "type": "text", "bbox": { "l": 417.84, "t": 512.88, "r": 549.12, "b": 385.92 }, "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." }, { "id": "p38.12", "order": 12, "type": "heading", "bbox": { "l": 80.88, "t": 319.68, "r": 143.52, "b": 306.48 }, "text": "Benefit Factor:", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p38.13", "order": 13, "type": "text", "bbox": { "l": 240.72, "t": 365.52, "r": 534, "b": 331.68 }, "text": "Tier 1\nParticipation Prior to\n July 1, 2008\nTier 2\nParticipation on or After\n July 1, 2008" }, { "id": "p38.14", "order": 14, "type": "text", "bbox": { "l": 203.52, "t": 319.2, "r": 352.08, "b": 213.36 }, "text": "Non-University members: 2.00% for service prior to 7/1/1983; 2.50% for service after 7/1/1983; 2.00% if participation after 7/1/2002 and less than 10 years; 2.50% if participation after 7/1/2002 and more than 10 years; 3.00% if retire after 7/1/2004 with more than 30 years. University members: 2.0% for each year of service." }, { "id": "p38.15", "order": 15, "type": "text", "bbox": { "l": 418.08, "t": 319.92, "r": 546.96, "b": 150.48 }, "text": "Non-University members:\n1.70% if less than 10 years;\n2.00% if greater than 10 years,\nbut no more than 20 years;\n2.30% if greater than 20 years,\nbut no more than 26 years;\n2.50% if greater than 26 years,\nbut no more than 30 years;\n3.00% for service greater than\n30 years. University members:\n1.50% if less than 10 years;\n1.70% if greater than 10 years,\nbut less than 20 years; 1.85% if\ngreater than 20 years, but less\nthan 27 years; 2.00% if greater\nthan 27 years." }, { "id": "p38.16", "order": 16, "type": "text", "bbox": { "l": 80.64, "t": 136.56, "r": 165.6, "b": 112.32 }, "text": "Cost of Living\nAdjustment (COLA):\n1.5% annually additional ad hoc increases must be authorized by the General Assembly." }, { "id": "p38.17", "order": 17, "type": "text", "bbox": { "l": 278.64, "t": 71.28, "r": 333.6, "b": 57.36 }, "text": "(Continued)" }, { "id": "p38.18", "order": 18, "type": "footer", "bbox": { "l": 524.88, "t": 47.04, "r": 538.8, "b": 35.52 }, "text": "36.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }