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6.535 Service credit, disposition of.

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6.535 Service credit, disposition of. When a legislator has service credit in the Kentucky Employees Retirement System, <br>County Employees Retirement System, State Police Retirement System, or Teachers' <br>Retirement System, earned for service as a legislator, which credit by virtue of KRS <br>6.505 will become credit in the Legislators' Retirement Plan, such other system shall <br>transfer to the legislators' retirement fund an amount equal to the employee's and <br>employer's contributions attributable to that credit, together with interest on each such <br>contribution, from the date it was made to the date of transfer, at the statutory rate, if any, <br>applicable to such contributions, or if none, at the rates of interest assumed by such other <br>system for actuarial purposes. Effective: April 15, 1882 <br>History: Amended 1982 Ky. Acts ch. 458, sec. 7, effective April 15, 1982. -- Created 1980 Ky. Acts ch. 407, sec. 24, effective July 1, 1980.