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Current as of January 01, 2024 | Updated by FindLaw Staff
When a legislator has service credit in the Kentucky Employees Retirement System, County Employees Retirement System, State Police Retirement System, or Teachers' Retirement System, earned for service as a legislator, which credit by virtue of KRS 6.505 will become credit in the Legislators' Retirement Plan, such other system shall transfer to the legislators' retirement fund an amount equal to the employee's and employer's contributions attributable to that credit, together with interest on each such contribution, from the date it was made to the date of transfer, at the statutory rate, if any, applicable to such contributions, or if none, at the rates of interest assumed by such other system for actuarial purposes.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title II. Legislative Branch § 6.535.Service credit, disposition of - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-ii-legislative-branch/ky-rev-st-sect-6-535/
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