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Service Credit
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What is Service Credit?
Service credit is the time that you accumulate during your career in KTRS-covered positions that will be used in calculating your retirement benefit. The more service credit that you have at the time of retirement, the greater your retirement allowance will be. You can never have more than one year of service credit for any one fiscal year.


There are opportunities for members to purchase additional service credit to add to their retirement accounts. The various types of service credit purchases are described below. The decision whether to purchase service credit is yours alone and should be judged according to your particular circumstances and retirement goals. You may wish to consult with your financial adviser to help you decide whether a service credit purchase is advisable in your circumstances and helps you achieve your retirement goals.

Purchasing Service Credit in Time to Improve Your Account
Members interested in purchasing additional credit for out-of-state service, non-current leaves of absence, military service, Peace Corps, or reinstatement of a withdrawn account may contact KTRS anytime during their career in a KTRS-covered position, but at least ninety (90) days prior to their retirement date. Remember, current leaves of absence purchases, fractional / balance of the year purchases, and part-time service purchases must be made by certain deadlines as discussed above under the individual heading for each of these types of service credit purchases.

Additionally, there may be other conditions and deadlines if you are purchasing active duty military service credit under the USERRA provisions. Members are encouraged to put their account in order prior to filing a retirement application. You will not be permitted to purchase service credit of any kind for your account after the effective date of your retirement. KTRS must receive payments made by the member or the employer in time to process the retirement application. Approval of your retirement application will be delayed until all payments have been received.
479 Versailles Road, Frankfort, Kentucky 40601 / Phone: 1-800-618-1687