(1) (a) Members may make contributions and receive service credit for substitute, part-time, or any service other than regular full -time teaching as provided in the administrative regulations of the board of trustees if contributions were not otherwise made as a result of the service. (b) Members placed on leave of absence during a period of full -time employment as defined in KRS 161.220(21) may make contributions and receive service credit for this leave only if contributions are made by the end of the fiscal year next succeeding the year in which the leave was effective as provided in administrative regulations promulgated by the board of trustees. Contributions permitted after August 1, 1982, shall not be picked -up pursuant to KRS 161.540(2). (2) Active contributing members of the Teachers' Retirement System, or former members who are currently participating in a state -administered retirement system, who were granted leaves of absence during a period of full -time employment as defined in KRS 161.22 0(21) since July 1, 1964, for reasons of health as defined under the Federal Family Medical Leave Act of 1993, 29 U.S.C. secs. 2601 et seq., child rearing, or to improve their educational qualifications, and did not purchase the leave of absence as provide d in subsection (1) of this section may obtain credit for the leave of absence as provided under the administrative regulations of the board of trustees and under the following conditions: (a) The leave of absence shall be verified by a copy of the board o f education minutes which granted the leave of absence or by other documentation that was generated contemporaneously with the leave that is determined by the retirement system to reasonably establish that a leave of absence was granted; (b) The member sha ll contribute the required percentage based on the salary received for the year immediately preceding the leave of absence plus interest at the rate of eight percent (8%) compounded annually from the beginning of the school year following the year of the l eave of absence, and by depositing the appropriate contributions in the state accumulation fund and medical insurance fund; and (c) The member shall receive credit for no more than two (2) years under the provisions of this subsection. (3) Sabbatical leave s of absence granted by any one (1) of the five (5) universities identified in KRS 161.220(4)(b) for which the university employee is provided full pay at the rate he or she was provided as a full -time employee immediately preceding the sabbatical leave sh all be deemed as full -time employment provided for the university, and employee and employer contributions shall be made in accordance with KRS 161.540 and 161.550. (4) Contributions permitted under this section after August 1, 1982, shall not be pickedup pursuant to KRS 161.540(2). (5) Notwithstanding any other provisions of this section to the contrary, purchase of service credit under subsection (2) of this section for individuals who become members on or after July 1, 2008, shall be purchasable only at the full actuarial cost.
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