Ky. Rev. Stat. § 16.543

Current through 2024 Ky. Acts ch.225
Section 16.543 - Determination of service credit - Picked-up employee contributions - Service earned while on leave - Refund
(1) Employee contributions shall be deducted from the creditable compensation of each member of the retirement system in the active employment of the Department of Kentucky State Police of the Justice and Public Safety Cabinet as an officer as defined in KRS 16.520. After August 1, 1982, employee contributions shall be picked up by the employer pursuant to KRS 16.545(4). Service credit shall be allowed for each month such member receives creditable compensation for an average of one hundred (100) hours or more of work per month. If the average number of hours of work is less than one hundred (100) per month, the member shall be allowed credit only for those months he or she receives creditable compensation for one hundred (100) hours of work.
(2) Contributions shall not be made and no service will be earned while on authorized leave except:
(a) A member shall be entitled to service credit in accordance with KRS 61.552; and
(b) A member on educational leave, approved by the Personnel Cabinet, who is receiving seventy-five percent (75%) or more of full salary, shall receive service credit and shall pay member contributions or such contributions shall be picked up in accordance with KRS 16.545 and his or her employer shall pay employer contributions in accordance with KRS 61.565. If a tuition agreement is broken by the member, the member and employer contributions paid or picked up during the period of educational leave shall be refunded.
(3) The retirement office, upon detection, shall refund any erroneous employer and employee contributions made to the retirement system and any interest credited in accordance with KRS 16.560.

KRS 16.543

Effective: April 1, 2021

Amended 2021 Ky. Acts ch. 102, sec. 32, effective April 1, 2021. -- Amended 2007 Ky. Acts ch. 85, sec. 74, effective June 26, 2007. -- Amended 1998 Ky. Acts ch. 154, sec. 9, effective July 15, 1998. -- Amended 1992 Ky. Acts ch. 240, sec. 3, effective July 14, 1992. -- Amended 1986 Ky. Acts ch. 90, sec. 29, effective July 15, 1986. -- Amended 1982 Ky. Acts ch. 166, secs. 9 and 26, effective July 15, 1982. -- Amended 1978 Ky. Acts ch. 311, sec. 3, effective June 17, 1978. -- Amended 1976 Ky. Acts ch. 321, sec. 4. -- Amended 1974 Ky. Acts ch. 74, Art. V, sec. 24(1). -- Created 1972 Ky. Acts ch. 116, sec. 5.

Amended by 2021 Ky. Acts ch. 102,§ 32, eff. 4/1/2021.
Effective:6/26/2007
Amended 2007, Ky. Acts ch. 85, sec. 74, effective6/26/2007. -- Amended 1998, Ky. Acts ch. 154, sec. 9, effective 7/15/1998. -- Amended 1992 Ky. Acts ch. 240, sec. 3, effective 7/14/1992. -- Amended 1986 Ky. Acts ch. 90, sec. 29, effective 7/15/1986. -- Amended 1982 Ky. Acts ch. 166, secs. 9 and 26, effective 7/15/1982. -- Amended 1978 Ky. Acts ch. 311, sec. 3, effective 6/17/1978. --Amended 1976 Ky. Acts ch. 321, sec. 4. -- Amended 1974 Ky. Acts ch. 74, Art. V, sec. 24(1). -- Created 1972 Ky. Acts ch. 116, sec. 5.