State Codes and Statutes

Statutes > Kentucky > 061-00 > 440

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61.440 Interstate instrumentalities. Any instrumentality jointly created by this state and any other state or states is hereby <br>authorized, to the extent that this Commonwealth may confer authority, (1) to enter into <br>an agreement with the commissioner whereby the benefits of the federal old-age, <br>survivors, disability, and hospital insurance system shall be extended to employees of the <br>instrumentality, (2) to require its employees to pay (and for that purpose to deduct from <br>their wages) contributions equal to the amounts which they would be required to pay <br>under subsection (1) of KRS 61.450 if they were covered by an agreement made pursuant <br>to KRS 61.430, and (3) to make payments to the Secretary of the Treasury in accordance <br>with the agreement, including payments from its own funds, and otherwise to comply <br>with the agreement. The agreement shall, to the extent practicable, be consistent with the <br>terms and provisions of KRS 61.430, and all other terms and provisions, of KRS 61.410 <br>to 61.500. Effective: July 15, 1998 <br>History: Amended 1998 Ky. Acts ch. 436, sec. 5, effective July 15, 1998. -- Created 1951 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 4.

State Codes and Statutes

Statutes > Kentucky > 061-00 > 440

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61.440 Interstate instrumentalities. Any instrumentality jointly created by this state and any other state or states is hereby <br>authorized, to the extent that this Commonwealth may confer authority, (1) to enter into <br>an agreement with the commissioner whereby the benefits of the federal old-age, <br>survivors, disability, and hospital insurance system shall be extended to employees of the <br>instrumentality, (2) to require its employees to pay (and for that purpose to deduct from <br>their wages) contributions equal to the amounts which they would be required to pay <br>under subsection (1) of KRS 61.450 if they were covered by an agreement made pursuant <br>to KRS 61.430, and (3) to make payments to the Secretary of the Treasury in accordance <br>with the agreement, including payments from its own funds, and otherwise to comply <br>with the agreement. The agreement shall, to the extent practicable, be consistent with the <br>terms and provisions of KRS 61.430, and all other terms and provisions, of KRS 61.410 <br>to 61.500. Effective: July 15, 1998 <br>History: Amended 1998 Ky. Acts ch. 436, sec. 5, effective July 15, 1998. -- Created 1951 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 4.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 061-00 > 440

Download pdf
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61.440 Interstate instrumentalities. Any instrumentality jointly created by this state and any other state or states is hereby <br>authorized, to the extent that this Commonwealth may confer authority, (1) to enter into <br>an agreement with the commissioner whereby the benefits of the federal old-age, <br>survivors, disability, and hospital insurance system shall be extended to employees of the <br>instrumentality, (2) to require its employees to pay (and for that purpose to deduct from <br>their wages) contributions equal to the amounts which they would be required to pay <br>under subsection (1) of KRS 61.450 if they were covered by an agreement made pursuant <br>to KRS 61.430, and (3) to make payments to the Secretary of the Treasury in accordance <br>with the agreement, including payments from its own funds, and otherwise to comply <br>with the agreement. The agreement shall, to the extent practicable, be consistent with the <br>terms and provisions of KRS 61.430, and all other terms and provisions, of KRS 61.410 <br>to 61.500. Effective: July 15, 1998 <br>History: Amended 1998 Ky. Acts ch. 436, sec. 5, effective July 15, 1998. -- Created 1951 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 4.