Section 78.606 - Service credit earned upon retirement of noncertified employee - Recalculation of benefits(1) Upon retirement, a noncertified employee shall have his service credit earned after July 1, 1998, recalculated in accordance with KRS 78.615 except that the employee shall receive service credit determined by dividing the actual number of contracted days worked by twenty (20) and rounding any remainder to the next whole month, provided that the number of hours worked during the period averages eighty (80) or more hours.(2) The Kentucky Retirement Systems shall adjust the service credit for all affected members who earned service credit for the school years 1996-97 and 1997-98 by recomputing the members' service based on the rounding method provided in subsection (1) of this section.Effective:7/15/2002
Amended 2002, Ky. Acts ch. 52, sec. 19, effective7/15/2002. -- Created 1998, Ky. Acts ch. 246, sec. 1, effective 7/15/1998.