Title 102 | Chapter 001 | Regulation 050

102 KAR 1:050.Out-of-state service interest rates.

Section 1.

In presenting out-of-state service for credit, the most recent service may be presented first in order.

Section 2.

Persons presenting out-of-state service credit shall be required to file an appropriate affidavit on forms provided by the retirement system certifying that the service being transferred is not being used at present and will not be used in the future to qualify for any benefits from any other retirement program.

Section 3.

Interest at the rate of eight (8) percent compounded annually from the end of each school year concerned to the date of payment shall be added to the required contributions.

HISTORY: (TRS-7(a); 1 Ky.R. 135; eff. 12-11-1974; 3 Ky.R. 376; eff. 12-1-1976; 9 Ky.R. 242; eff. 9-8-1982; 17 Ky.R. 2472; eff. 4-5-1991; Crt eff. 7-3-2019.)

7-Year Expiration: 7/3/2026

Last Updated: 12/15/2021

Page Generated: 5/12/2023, 4:33:50 PM