Title 102 | Chapter 001 | Regulation 220

102 KAR 1:220.Final average salary based on average of three (3) highest salaries.

Section 1.

A member who is at least fifty-five (55) years of age and has at least twenty-seven (27) years of Kentucky service credit shall be eligible to have the member's retirement annuity calculated with a final average salary based upon an average of the member's three (3) highest salaries only if the member meets:


The age and service requirements at the time of the member's initial retirement; or


The conditions established in Section 2 of this administrative regulation.

Section 2.

A member who returns to work under KRS 161.603 and who earns service credit as a result of the member's return to work that, when added to the member's preretirement service credit, equals or exceeds the service credit the member would have had at age fifty-five (55) had there been no break in service due to retirement, shall be entitled to a calculation of retirement annuities with a final average salary based on the three (3) highest average salaries.

HISTORY: (27 Ky.R. 1112; eff. 12-21-2000; 3320; 28 Ky.R. 349; eff. 8-15-2001; 30 Ky.R. 1331; eff. 1-23-2004; 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