<br><br>67A.520 Contributions by government -- Injunction or mandamus requiring <br>compliance. <br>The government shall make current contributions to the fund on an actuarially funded <br>basis, toward the annuities and benefits herein provided. These contributions shall be <br>equal to the sum of the following: <br>(1) An annual amount resulting from the application of a rate percent of salaries of <br>active members determined by the entry age normal cost funding method. Such rate <br>percent shall be fixed by the board every two (2) years, within six (6) months after <br>the actuarial study required by subsection (6) of KRS 67A.560 (actuarial survey of <br>the fund), and shall be in effect for a period of at least two (2) years. <br>(2) An amount resulting from the application of a rate percent of the salaries of active <br>members which will provide each year regular interest on the remaining liability for <br>prior service. <br>(3) In any event, the total contribution of the government shall be at least seventeen <br>percent (17%) of the salaries of the active members participating in the fund. <br>(4) In addition to other remedies provided by law, any member of the fund or any <br>annuitant may obtain in the Circuit Court of any county in which the government is <br>located an injunction or mandamus requiring the government to comply herewith. <br>Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 274, sec. 5, effective July 15, 2002. -- Amended <br>1990 Ky. Acts ch. 189, sec. 4, effective July 13, 1990. -- Amended 1982 Ky. Acts <br>ch. 297, sec. 3, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 329, sec. 2, <br>effective July 15, 1980. -- Created 1974 Ky. Acts ch. 106, sec. 17, effective July 1, <br>1974. <br><br>