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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 Form 6017 Print Form Revised 01/2015 Purpose.
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Kyret stands for Key Employee Retention Plan. It is a compensation arrangement designed to retain key employees during a period of corporate transition.
Employers who implement Key Employee Retention Plans are required to file kyret.
Kyret forms can be filled out electronically or manually, following the instructions provided by the employer or the regulatory body.
The purpose of kyret is to incentivize key employees to remain with the company during times of uncertainty or significant change.
Kyret forms typically require information such as employee names, compensation arrangements, vesting schedules, and the specific circumstances triggering the retention plan.
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