Active Members ...
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Payment by Installment or
Rollover/Transfer
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Installments Payments
A member in active contributing status may purchase certain types of service credit by making monthly installment payments of principal and interest through payroll deduction or by bank draft in lieu of a lump sum payment.

To initiate an installment payment plan the member is required to make a written request. This allows KTRS to determine if the member is eligible to purchase service credit by installment payments. The member contribution plus interest must be at least $1,000. The minimum monthly payment is $50. Installment payments can be paid over any period of time ranging from twelve (12) months minimum to sixty (60) months maximum.

Rollovers and Transfers from Other Eligible Plans
You may purchase service credit in KTRS as permitted under the Internal Revenue Code by rolling over or transferring funds from another eligible plan. There may be certain limitations. If you are interested in rolling over or transferring funds from another eligible plan, you should contact KTRS for details.
479 Versailles Road, Frankfort, Kentucky 40601 / Phone: 1-800-618-1687