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Kentucky Retirement Systems Perimeter Park West l1260 Louisville Rd. l Frankfort KY 40601-6124 Phone: (502) 696-8800 l Fax: (502) 696-8822 l yet.KY.gov Print Special Tax Notice Application for Refund
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Who needs form 4525?
Form 4525 may be required by individuals who need to fulfill certain legal or administrative requirements. It is essential to refer to the specific purpose of this form and any accompanying instructions to determine who exactly needs it. Some common instances where form 4525 may be necessary include:
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People Also Ask about
What is the retirement age for CERS in KY?
Nonhazardous A nonhazardous member, age 65, with at least 60 months of service credit may retire at any time with no reduction in benefits.
Can I borrow from my Ky state retirement?
Due to Internal Revenue Service regulations regarding government pension plans, none of the state retirement plans (PERS, TRS, LEOFF, etc.) allow for loans or borrowing from your contributions.
What is cers in ky?
The County Employees Retirement System (CERS) is part of the Kentucky Retirement Systems (KRS) and pays a monthly benefit upon retirement based on the type of retirement and years of credited service.
How do I cash out my Kentucky retirement?
In order to process a refund of their accumulated account balance, members must complete a Form 4525, Application for Refund of Member Contributions and Direct Rollover/Direct Payment Selection. The member's employer is also required to report the termination date on the monthly report to KPPA.
Will Ky state retirees get a raise in 2023?
At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023.
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What is form 4525?
Form 4525 is a tax form used to report information about certain financial transactions.
Who is required to file form 4525?
Individuals or entities who engaged in the specified financial transactions may be required to file form 4525.
How to fill out form 4525?
Form 4525 should be filled out with accurate information regarding the financial transactions and any other required details.
What is the purpose of form 4525?
The purpose of form 4525 is to provide the IRS with information about certain financial transactions.
What information must be reported on form 4525?
Form 4525 requires reporting of details such as the nature of the financial transactions, parties involved, amounts, and dates.
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