RELATES TO:
KRS
161.545
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
161.545 provides that members of the
Teachers' Retirement System may make contributions and receive service credit
while on a leave of absence as set out in administrative regulations of the
board of trustees. This administrative regulation provides procedures for
receiving those contributions and granting of service credit for members on
leave of absence.
Section 1. Members
may make contributions while on leave of absence granted by the governing board
of a school district or institution in accordance with the provisions of the
statutes at the time the leave is granted. Payment of contributions shall be
made by the end of the fiscal year next succeeding the year in which the leave
was effective. A member shall not make payment on leave of absence for more
than three (3) years in any ten (10) year period beginning with the first year
of the leave. The administrative head of the district or institution granting
the leave shall certify the granting or extension of leave to the Teachers'
Retirement System. Leave for a period longer than one (1) year shall not be
recognized, except the leaves may be extended annually for a total not to
exceed three (3) years.
Section 2.
Contributions for a period of leave shall be based on the annual salary for the
last year of active service at the contribution rate in effect for the period
of leave. Interest at the rate of eight (8) percent per annum shall be added
for contributions paid after the end of the school year for which the leave was
granted.
Section 3. A leave of
absence shall not be recognized by the Teachers' Retirement System as a basis
for making contributions to the system unless the member was employed in a
covered position as defined in
KRS
161.220(21), by the employer
granting the leave and received compensation for at least one-half (1/2) a
regular school year during the year the leave was granted or during the next
preceding school year.
