102 KAR 1:057 - Credit for military service
RELATES TO: KRS 161.507
NECESSITY, FUNCTION, AND CONFORMITY: KRS 161.507 provides for the crediting for retirement purposes time spent on active duty with the Armed Forces of the United States, with certain limitations. This administrative regulation establishes the procedures for validating and crediting active duty service.
Section 1. A member may
receive credit toward retirement as provided in
KRS
161.507, upon meeting the eligibility
requirements and payment of contributions to the Teachers' Retirement System as
provided in this administrative regulation. This credit shall be used in
meeting the requirements for early retirement.
Section 2. A member may purchase credit for
one (1) month of retirement credit for each month or part of a month of active
military service.
Section 3. A
member, having valid service credit in the Teachers' Retirement System and one
(1) of the other state supported retirement systems of Kentucky, may elect to
purchase retirement credit for active duty time in either of the systems
concerned, or the service credit may be divided between the two (2) systems. If
the service is to be divided the following additional requirements shall be
met:
(1) The total service credited in all
systems shall not exceed six (6) years.
(2) The same years active duty shall not be
used in more than one (1) system.
(3) Each system shall calculate the cost of
this retirement service credit in accordance with the statutes and
administrative regulations governing that system.
Notes
STATUTORY AUTHORITY: KRS 161.310
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