UNIVERSITY OF KENTUCKY ADMINISTRATIVE REGULATIONS	AR II-1.6-1		1
	DATE EFFECTIVE 12/11/07, 1/22/08	SUPERSEDES REGULATION DATED 8/21/90, 6/16/92, 12/12/95, 6/11/96,   3/4/97, 7/1/98, 9/19/00,   8/13/02, 3/1/03, 1/27/04, 9/21/04, 10/10/06, 6/12/07, 12/11/07	
UNIVERSITY OF KENTUCKY RETIREMENT PLAN (Approved by the Board of Trustees)
I. Introduction
The policies governing the University of Kentucky Retirement Plan are set forth in this administrative regulation. The University of Kentucky Board of Trustees has authorized two retirement plan carriers to provide retirement plan administrative services for University of Kentucky employees: Teachers Insurance and Annuity Association/College Retirement Equities Fund (TIAA-CREF) and Fidelity Investment Tax-Exempt Services Company (Fidelity). Additionally, American Century Investors, Inc. (American Century) funds shall be provided through Fidelity's administrative platform. It is the Board's intention that University employees be given a wide range of investment options during the years in which contributions are being made on the employees' behalf as well as a wide range of withdrawal options at the time of retirement. The term "retirement plan carrier," as used throughout this administrative regulation, includes both TIAA-CREF and Fidelity and may be modified from time to time by the Board of Trustees pursuant to section XI.
The policies governing insurance benefits for University retirees are a part of the Human Resources Policy and Procedure Administrative Regulations and are found in Numbers 91.0, 93.0, and 94.0. Information on these insurance programs is not included in this administrative regulation.
II. Retirement Groups A. Eligibility
1.       Group I Personnel
Eligibility of personnel for classification in Group I is conditioned upon:
(a)     regular full-time employment;