78.606 Service credit earned upon retirement of noncertified employee -- Recalculation of benefits. - Kentucky Statutes

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Page 1 of 1 78.606 Service credit earned upon retirement of noncertified employee -- Recalculation of benefits. (1) Upon retirement, a noncertified employee shall have his service credit earned after July 1, 1998, recalculated in accordance with KRS 78.615 except that the employee
shall receive service credit determined by dividing the actual number of contracted
days worked by twenty (20) and rounding any remainder to the next whole month,
provided that the number of hours worked during the period averages eighty (80) or
more hours. (2) The Kentucky Retirement Systems shall adjust the service credit for all affected members who earned service credit for the school years 1996-97 and 1997-98 by
recomputing the members' service based on the rounding method provided in
subsection (1) of this section. Effective: July 15, 2002
History: Amended 2002 Ky. Acts ch. 52, sec. 19, effective July 15, 2002. -- Created 1998 Ky. Acts ch. 246, sec. 1, effective July 15, 1998.