2015 Kentucky Revised Statutes CHAPTER 95 - CITY POLICE AND FIRE DEPARTMENTS 95.520 Pension fund -- Board of trustees -- Coverage provided in County Employees Retirement System after August 1, 1988.
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95.520
Pension fund -- Board of trustees -- Coverage provided in County
Employees Retirement System after August 1, 1988.
(1)
(2)
(3)
In cities meeting the criteria set out in KRS 95.518, there shall be a policemen's and
firefighters' pension fund, and a board of trustees for that fund unless the policemen
and firefighters are included in the membership of the County Employees
Retirement System.
The board of trustees is the trustee of the pension fund, and has exclusive control
and management of the pension fund and of all moneys donated or paid for the
relief or pensioning of members of the police and fire departments. It may do all
things necessary to protect the fund.
(a) After August 1, 1988, no new locally administered pension fund shall be
created pursuant to this section, and cities which were covered by this section
on or prior to August 1, 1988, shall participate in the County Employees
Retirement System effective August 1, 1988.
(b) Cities which were covered by this section on or prior to August 1, 1988, shall
provide for the retirement of police or firefighters rehired after August 1,
1988, by placing such employees in the County Employees Retirement
System.
(c) Cities which were covered by this section on or prior to August 1, 1988, shall
place police or firefighters newly hired after August 1, 1988, in the County
Employees Retirement System.
(d) Cities which were covered by this section on or prior to August 1, 1988, shall
offer employees hired on or prior to August 1, 1988, membership in the
County Employees Retirement System under the alternate participation plan
as described in KRS 78.530(3), but such employees may elect to retain
coverage under this section.
(e) The city shall certify that all police and firefighters placed in the County
Employees Retirement System, and not covered by Social Security for their
employment with the city, are employed in hazardous positions. If the police
and firefighters are covered by Social Security for their employment with the
city, the city may certify that they are employed in hazardous positions.
Effective: June 24, 2015
History: Amended 2015 Ky. Acts ch. 28, sec. 13, effective June 24, 2015. -- Amended
2014 Ky. Acts ch. 92, sec. 121, effective January 1, 2015. -- June 17, 1978.
Legislative Research Commission Note. Acts 1988, ch. 11, § 19, provides: "In order
that city employees with a choice can make an informed decision on whether or not
to join the county employees retirement system, Kentucky retirement systems shall
conduct briefings for each affected pension system on the provisions of this Act.
Each employee shall receive a written summary of the retirement benefits which the
county employees retirement system offers, and each employee shall be given the
opportunity to attend an oral presentation. All such presentations shall be completed
by October 15, 1988, and each affected employee shall make his decision by
November 1, 1988. Failure of an employee subject to the provisions of this Act to
receive a written summary or to attend an oral briefing shall in no way invalidate any
of the provisions of this Act."
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