A member of the retirement system having service as a Kentucky legislator which is not credited by any retirement system administered by the Commonwealth of Kentucky may present such service, not to exceed four (4) years, for credit in the retirement system by paying the full actuarial cost of the service as determined by the system actuary. The member may purchase all or part of his or her service as a legislator, but no less than one (1) year of service. The entire payment shall be placed in the teachers' saving fund.
KRS 161.547
Member having service as legislator may purchase four years' credit in the retirement system
Effective: January 1, 2022 History: Amended 2021 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.