Title 105 | Chapter 001 | Regulation 070

This document is no longer current.
(New Administrative Regulation)

105 KAR 1:070.Allocation of special appropriation for military service credit.

Section 1.

When a special appropriation is made to permit purchase of current service in the Kentucky Retirement Systems for time in the military service, the board will announce at least two (2) weeks in advance the period of time during which applications to purchase current service for military service may be submitted to the Kentucky Retirement Systems. The period of time for accepting applications shall not be less than four (4) weeks. Applications must be submitted in writing by the member.

Section 2.

At the close of the application period, an independent accounting firm will be engaged to determine the pro rata share of the funds available for each eligible applicant which shall be used to determine the amount of military service the applicant may purchase.

HISTORY: (8 Ky.R. 542; eff. 5-5-1982; 18 Ky.R. 722; eff. 11-8-1991; TAm eff. 3-5-2019; Crt eff. 3-5-2019; Repeal effective 5-2-2023.)

7-Year Expiration: 5/2/2023

Last Updated: 5/3/2023

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