{"data":{"id":"us-ky/krs-161.5465","jurisdiction":"us-ky","citation":"KRS 161.5465","heading":"Member with twenty years' service credit may purchase five years'","body":"service credit -- Exceptions.\nOn or after August 1, 1998, a member of the Teachers' Retirement System in active\ncontributing status who has a minimum of twenty (20) years of s ervice credit may\npurchase up to a maximum of five (5) years of service credit that is not otherwise\npurchasable under any of the provisions of KRS 161.220 to 161.716 and that meets the\ndefinition of nonqualified service as provided in Section 1526 of the Federal Taxpayer\nRelief Act of 1997. The member shall pay the full actuarial cost of the service credit as\nprovided in KRS 161.220(22). The payment shall not be picked up by the employer as\ndescribed in KRS 161.540(2), and the member's payment shall be cre dited to the\nmember's contribution account and shall be considered accumulated contributions of the\nmember. Payment by the member may be by lump sum or by installment payments as\nprovided in KRS 161.597. Notwithstanding any other statute to the contrary, t he\nKentucky Teachers' Retirement System shall recognize nonqualified service credit\npurchased with another retirement system only to the extent that the member had an\nequivalent number of full months of active employment in the position covered by the\nother retirement system during the period that the nonqualified service was purchased.\nThis section shall not apply to individuals who become members on or after July 1, 2008,\nexcept that a teacher of a local school board may purchase up to ten (10) months of\nservice under this section if the teacher is retiring and has completed the prior school year\nwith at least twenty -six (26) years and two (2) months of service but less than twenty -\nseven (27) years of service.","path":["KRS Chapter 161"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=51811","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:10Z","sha256":"3196ff2d4c3225406bb15f49fcab27ea229d8163f649c53e3fd7b6d33a8ecb48","source_id":"us-ky","stale":false,"prev":"us-ky/krs-161.5461","next":"us-ky/krs-161.547"},"notice":"GroundRules: Original legal text. Not legal advice."}