Title 102 | Chapter 001 | Regulation 045
102 KAR 1:045.Transfer to other systems.
Section 1.
Members may elect to cancel service credit with the Teachers' Retirement System of the state of Kentucky for the purpose of adding the service credit to the member's account with a state or municipal retirement system outside Kentucky. Such service may not be cancelled if the member has received retirement benefits from the Teachers' Retirement System of the state of Kentucky based on the service to be cancelled.Section 2.
Members cancelling less than their total service credit with the Teachers' Retirement System of the state of Kentucky may receive benefits based on the remaining years of service. Members who cancel their service credit shall be entitled only to a refund of the contribution that was credited to the member's account for the cancelled service.HISTORY: (1 Ky.R. 135; eff. 12-11-1974; 3 Ky.R. 376; eff. 12-1-1976; Crt eff. 7-3-2019.)
102 KAR 1:045.Transfer to other systems.
Section 1.
Members may elect to cancel service credit with the Teachers' Retirement System of the state of Kentucky for the purpose of adding the service credit to the member's account with a state or municipal retirement system outside Kentucky. Such service may not be cancelled if the member has received retirement benefits from the Teachers' Retirement System of the state of Kentucky based on the service to be cancelled.Section 2.
Members cancelling less than their total service credit with the Teachers' Retirement System of the state of Kentucky may receive benefits based on the remaining years of service. Members who cancel their service credit shall be entitled only to a refund of the contribution that was credited to the member's account for the cancelled service.HISTORY: (1 Ky.R. 135; eff. 12-11-1974; 3 Ky.R. 376; eff. 12-1-1976; Crt eff. 7-3-2019.)