161.595 Service credit. - Kentucky Statutes

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161.595 Service credit. (1) Upon service retirement, a member of the Teachers' Retirement System may obtain credit for all or any part of the service otherwise creditable under the Kentucky
Employees Retirement System, the County Employees Retirement System, or in the
service of the United States government for which service credit is not otherwise
given, upon the payment by the member of the full actuarial cost of the service
credit purchased as defined in KRS 161.220(22). Such payments shall not be picked
up, as described in KRS 161.540(2). (2) The amount paid under this section shall be considered as accumulated contributions of the individual member. (3) No person shall be allowed credit for the same period of service in more than one (1) of these three (3) retirement systems. Effective: July 1, 2000
History: Amended 2000 Ky. Acts ch. 498, sec. 15, effective July 1, 2000. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 523, effective July 13, 1990. --
Amended 1984 Ky. Acts ch. 253, sec. 20, effective July 1, 1984; and ch. 302, sec. 8,
effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 166, sec. 34, effective July
15, 1982; and ch. 414, sec. 3, effective July 15, 1982. -- Amended 1980 Ky. Acts
ch. 206, sec. 7, effective July 1, 1980. -- Created 1962 Ky. Acts ch. 107, secs. 3, 4,
and 5.