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78.606 Service credit earned upon retirement of noncertified employee --
Recalculation of benefits.
(1) Upon retirement, a noncertified employee shall have his service credit earned after
July 1, 1998, recalculated in accordance with KRS 78.615 except that the employee <br>shall receive service credit determined by dividing the actual number of contracted <br>days worked by twenty (20) and rounding any remainder to the next whole month, <br>provided that the number of hours worked during the period averages eighty (80) or <br>more hours.
(2) The Kentucky Retirement Systems shall adjust the service credit for all affected
members who earned service credit for the school years 1996-97 and 1997-98 by <br>recomputing the members' service based on the rounding method provided in <br>subsection (1) of this section.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 52, sec. 19, effective July 15, 2002. -- Created
1998 Ky. Acts ch. 246, sec. 1, effective July 15, 1998.
Page 1 of 1
78.606 Service credit earned upon retirement of noncertified employee --
Recalculation of benefits.
(1) Upon retirement, a noncertified employee shall have his service credit earned after
July 1, 1998, recalculated in accordance with KRS 78.615 except that the employee <br>shall receive service credit determined by dividing the actual number of contracted <br>days worked by twenty (20) and rounding any remainder to the next whole month, <br>provided that the number of hours worked during the period averages eighty (80) or <br>more hours.
(2) The Kentucky Retirement Systems shall adjust the service credit for all affected
members who earned service credit for the school years 1996-97 and 1997-98 by <br>recomputing the members' service based on the rounding method provided in <br>subsection (1) of this section.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 52, sec. 19, effective July 15, 2002. -- Created
1998 Ky. Acts ch. 246, sec. 1, effective July 15, 1998.
Page 1 of 1
78.606 Service credit earned upon retirement of noncertified employee --
Recalculation of benefits.
(1) Upon retirement, a noncertified employee shall have his service credit earned after
July 1, 1998, recalculated in accordance with KRS 78.615 except that the employee <br>shall receive service credit determined by dividing the actual number of contracted <br>days worked by twenty (20) and rounding any remainder to the next whole month, <br>provided that the number of hours worked during the period averages eighty (80) or <br>more hours.
(2) The Kentucky Retirement Systems shall adjust the service credit for all affected
members who earned service credit for the school years 1996-97 and 1997-98 by <br>recomputing the members' service based on the rounding method provided in <br>subsection (1) of this section.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 52, sec. 19, effective July 15, 2002. -- Created
1998 Ky. Acts ch. 246, sec. 1, effective July 15, 1998.
