Title 102 | Chapter 001 | Regulation 350

102 KAR 1:350.Full actuarial cost purchase.

Section 1.

Members who make an advance payment for service credit at full actuarial cost at least one (1) month prior to their effective retirement date shall be accredited regular interest against their payment(s) at the rate provided for members under KRS 161.220(13). This interest shall be accredited at the time of retirement when the final full actuarial cost purchase amount is reconciled and shall be subject to adjustment to reflect the actuarial experience of the retirement system.

HISTORY: (39 Ky.R. 1964; 2152; eff. 5-31-2013; 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