KENTUCKY STATE UNIVERSITY SCHEDULE OF THE UNIVERSITY'S PENSION CONTRIBUTIONS KENTUCKY EMPLOYEES' RETIREMENT SYSTEM JUNE 30, 2024 (AMOUNTS IN THOUSANDS) (SEE INDEPENDENT AUDITORS' REPORT)
Nonhazardous20242023202220212020201920182017201620152014
Contractually Required Contribution$ 2,319$ 1,986$ 2,466$ 1,649$ 1,867$ 1,789$ 1,471$ 1,516$ 1,312$ 1,515$ 1,432
Contributions in Relation to the Contractually
Required Contribution$ 2,319$ 1,986$ 2,466$ 1,649$ 1,867$ 1,789$ 1,471$ 1,516$ 1,312$ 1,515$ 1,432
Contribution Deficiency (Excess)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -
Covered Payroll$ 2,428$ 3,225$ 3,707$ 4,015$ 4,548$ 4,358$ 3,583$ 3,888$ 4,321$ 5,390$ 5,345
Contributions as a Percentage of Covered Payroll95.51%61.58%66.52 %41.07 %41.05 %41.05 %41.05 %38.99 %30.36 %28.11 %26.79 %
Hazardous2024202320222021202020192018
Contractually Required Contribution$ 61$ 58$ 68$ 65$ 32$ 35$ 61
Contributions in Relation to the Contractually
Required Contribution$ 61$ 58$ 68$ 65$ 32$ 35$ 61
Contribution Deficiency (Excess)$ -$ -$ -$ -$ -$ -$ -$ -
Covered Payroll$ 193$ 182$ 205$ 179$ 106$ 114$ 309
Contributions as a Percentage of Covered Payroll31.61%31.87%33.17 %36.31 %30.19 %30.70 %19.74 %
Note: These are 10-year schedules. However, the information in this schedule is not required to be presented retroactively. Years will be added to this schedule in future fiscal years until 10 years of information is available.