When a legislator has service credit in the Kentucky Employees Retirement System, County Employees Retirement System, State Police Retirement System, or Teachers' Retirement System, earned for service as a legislator, which credit by virtue of KRS 6.505 will become credit in the Legislators' Retirement Plan, such other system shall transfer to the legislators' retirement fund an amount equal to the employee's and employer's contributions attributable to that credit, together with interest on each such contribution, from the date it was made to the date of transfer, at the statutory rate, if any, applicable to such contributions, or if none, at the rates of interest assumed by such other system for actuarial purposes.
KRS 6.535
Service credit, disposition of
Known as the Kentucky Code
The act spans §§ 6–6 (191 sections).
Effective: April 15, 1982 History: Amended 1982 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.