{"data":{"id":"us-ky/krs-161.5461","jurisdiction":"us-ky","citation":"KRS 161.5461","heading":"Purchase of service credit with rolled -over or transferred retirement","body":"funds.\n(1) Any active contributing member may purchase service credit as authorized under\nKRS Chapter 161 by rolling over funds from a previous plan to the extent that\nrollovers ar e permitted by the rules set forth in the Internal Revenue Code. The\nrollovers may be made directly from a previous qualified plan or through a conduit\nindividual retirement account as permitted by the rules set forth in the Internal\nRevenue Code.\n(2) Any active contributing member may purchase service credit as authorized under\nKRS Chapter 161 by transferring funds directly from a retirement plan maintained\nby the Commonwealth of Kentucky to the extent that transfers are permitted by the\nrules set forth in the Internal Revenue Code.\n(3) The amount of any transfer or rollover purchase as permitted under subsections (1)\nand (2) of this section, excluding that portion credited to the medical insurance fund\nunder KRS 161.420(5), shall be credited to the individ ual member's account and\nshall be considered accumulated contributions of the member.","path":["KRS Chapter 161"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3936","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:10Z","sha256":"0be2290b84c3234bf92b3f86ef1ae10b062a78e5e1ef587244a8d88ec42591a4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-161.546","next":"us-ky/krs-161.5465"},"notice":"GroundRules: Original legal text. Not legal advice."}