Kentucky Statutes 161.590 – Service credit at retirement
Current as of: 2024 | Check for updates
|
Other versions
(1) At retirement the total service credited to a teacher shall consist of prior and subsequent service rendered by him or her for which service credit has been allowed.
(2) Kentucky service, presented at the time of retirement, may not be used in calculating benefits under KRS § 161.525, 161.620, or 161.661, if such service has been used to increase benefits in another retirement system, not including Old Age and Survivors Insurance Benefits under the Social Security Administration.
(3) No service credit shall be added to a member’s account after the effective date of retirement for service.
Effective: January 1, 2022
History: Amended 2021 Ky. Acts ch. 157, sec. 30, effective January 1, 2022. — Amended 2018 Ky. Acts ch. 107, sec. 67, effective July 14, 2018. — Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 522, effective July 13, 1990. — Amended 1978 Ky. Acts ch. 152, sec. 11, effective March 28, 1978. — Amended
1974 Ky. Acts ch. 395, sec. 14, effective July 1, 1974. — Amended 1962 Ky. Acts ch.
64, sec. 11. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4506b-40.
Legislative Research Commission Note (12/13/2018). On December 13, 2018, the
Kentucky Supreme Court ruled that the passage of 2018 SB 151 (2018 Ky. Acts ch.
107), did not comply with the three-readings rule of Kentucky Constitution Section
46 and that the legislation is, therefore, constitutionally invalid and declared void. That ruling applies to changes made to this statute in that Act.
(2) Kentucky service, presented at the time of retirement, may not be used in calculating benefits under KRS § 161.525, 161.620, or 161.661, if such service has been used to increase benefits in another retirement system, not including Old Age and Survivors Insurance Benefits under the Social Security Administration.
Terms Used In Kentucky Statutes 161.590
- Statute: A law passed by a legislature.
(3) No service credit shall be added to a member’s account after the effective date of retirement for service.
Effective: January 1, 2022
History: Amended 2021 Ky. Acts ch. 157, sec. 30, effective January 1, 2022. — Amended 2018 Ky. Acts ch. 107, sec. 67, effective July 14, 2018. — Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 522, effective July 13, 1990. — Amended 1978 Ky. Acts ch. 152, sec. 11, effective March 28, 1978. — Amended
1974 Ky. Acts ch. 395, sec. 14, effective July 1, 1974. — Amended 1962 Ky. Acts ch.
64, sec. 11. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4506b-40.
Legislative Research Commission Note (12/13/2018). On December 13, 2018, the
Kentucky Supreme Court ruled that the passage of 2018 SB 151 (2018 Ky. Acts ch.
107), did not comply with the three-readings rule of Kentucky Constitution Section
46 and that the legislation is, therefore, constitutionally invalid and declared void. That ruling applies to changes made to this statute in that Act.