2015 Kentucky Revised Statutes CHAPTER 95 - CITY POLICE AND FIRE DEPARTMENTS 95.621 Adoption by city described in KRS 95.518 of alternative fund, effect -- Members excluded, how -- Coverage provided in County Employees Retirement System after August 1, 1988.
Download as PDF
95.621 Adoption by city described in KRS 95.518 of alternative fund, effect -Members excluded, how -- Coverage provided in County Employees
Retirement System after August 1, 1988.
(1)
(2)
(3)
If a city described in KRS 95.518 adopted the alternative pension fund provisions
under KRS 95.621 to 95.629 prior to August 1, 1988, to govern the pension fund for
its policemen and firefighters, all the provisions in this section are mandatory. The
provisions of KRS 95.620 shall apply to any city which has adopted KRS 95.621 to
95.629.
Any member of the police or fire department serving at the time of passage of the
ordinance and not desiring to participate in the fund and its benefits may be
excluded by notifying the board of trustees of the pension fund in writing of his
desire not to participate within ten (10) days after the effective date of this
ordinance.
(a) After August 1, 1988, no new 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; and
(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. 14, effective June 24, 2015. -- Amended
2014 Ky. Acts ch. 92, sec. 133, effective January 1, 2015. -- Amended 1988 Ky. Acts
ch. 11, sec. 4, effective July 15, 1988. -- Amended 1984 Ky. Acts ch. 177, sec. 5,
effective July 13, 1984. -- Amended 1978 Ky. Acts ch. 164, sec. 28, effective June
17, 1978. -- Amended 1974 Ky. Acts ch. 52, sec. 1. -- Created 1966 Ky. Acts ch. 8,
secs. 1 and 11.
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."
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.