(1) The Authority shall determine by appropriate administrative regulations how much service in any year is the equivalent of a year of service credit and how much service in any calendar month is the equivalent of a month of service credit. It shall not allow credit for more than one (1) year of service for all service rendered in any period of twelve (12) consecutive months except as provided in KRS 61.546 in the case of the Kentucky Retirement Systems or KRS 78.616 in the case of the County Employees Retirement System. (2) (a) If an employee participates in more than one (1) of the retirement systems administered by the Kentucky Retirement Systems and County Employees Retirement System, the employee's service credit shall be divided between each system determ ined by dividing the employee's creditable compensation in each system by the employee's total creditable compensation in all systems. (b) 1. If an employee earns creditable compensation in both a hazardous position, as defined by KRS 61.592 or 78.5520, an d a nonhazardous position, the employee's service credit shall be divided between the employee's hazardous and nonhazardous positions determined by dividing the employee's creditable compensation in the hazardous and nonhazardous positions by the employee' s combined hazardous and nonhazardous creditable compensation, except as provided by subparagraph 2. of this paragraph. 2. If an employee is participating in a hazardous position, as defined by KRS 61.592, that meets the definition of a regular full -time p osition under KRS 61.510(21) or 78.510(21) based solely upon his or her service in a hazardous position, and is simultaneously employed in a nonhazardous position with a different participating employer that would not be considered a regular full -time position based solely upon his or her service in the nonhazardous position, the employee may make a one (1) time irrevocable election within thirty (30) days of employment in the nonhazardous position to not participate in the system for his or her employment in the nonhazardous position with that employer.
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