Kentucky HB301 amends service credit rules for the Teachers' Retirement System, including adjustments for religious holidays and early retirement.
Kentucky HB301 modifies the Teachers' Retirement System to allow teachers to observe religious holidays without penalty, permitting recovery of up to ten unpaid days for such observances. It also adjusts service credit for early retirements, reducing credit by eight percent for each month before July 1. The bill declares an emergency, effective upon passage and approval by the Governor.
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