Title IX, Counties, Cities, and Other Local Units

Any service retirement annuity, disability retirement annuity, or any other annuity provided herein shall be payable in equal monthly installments as life annuities, and shall not be increased, decreased, revoked, or repealed, except for error, or except where specifically otherw…

It is the intention of KRS 95.851 to 95.884 and KRS 95.991 that the payment of the required contributions by the city, all allowances, annuities, benefits, and administration expenses shall be the obligation of the city.

Any city covered by KRS 95.851 to 95.884 and KRS 95.991, which may subsequently change its form of government, its class, or other status shall continue to be covered by KRS 95.851 to 95.884 and KRS 95.991.

After a determination has been made on any application by the board, any interested person may, within twenty (20) days after notice of the determination or finding of the board, apply for a rehearing with respect to any of the matters determined by the board. The application sha…

(1) The order or determination of the board upon the rehearing shall be conclusive and binding, but any interested party may, within twenty (20) days after the rendition of the order of the board, by petition appeal to the Circuit Court of the county in which the city is located …

(1) The judgment of the Circuit Court shall be subject to appeal to the Court of Appeals. The scope of review by the Court of Appeals shall include all matters subject to review by the Circuit Court and also errors of law arising in the Circuit Court and upon appeal made reviewab…

For the purposes of KRS 95.895 to 95.945, the following terms shall have the following meanings: (1) "Beneficiary" shall mean a member, either active or retired, of a local government pension system which participates in the local government pension investment fund; (2) "Board" s…

The governing bodies of local government pension systems which can qualify as participants may create a local government pension investment fund, comprised of assets and earnings thereon which participants invest in the fund. Membership in the fund shall be a voluntary act by a p…

The purposes of the fund shall be to enable each participant to enhance its investment power through aggregation of its resources with the resources of other participants, and to avail itself of options for centralized administrative and accounting services relating to pension sy…

The fund shall be governed by a board created in the following manner: (1) A temporary council, comprised of the executive director of the Kentucky Municipal League or his designee, the president of the Fraternal Order of Police or his designee, and the president of the Associate…

(1) Board members shall serve without compensation, but may be reimbursed for their reasonable and necessary expenses out of the earnings of the fund. (2) The board shall at its first meeting select one (1) of its number to serve as chairman, and such other officers as it may dee…

The board shall employ one (1) or more qualified investment managers, who shall invest and reinvest the assets of the fund. The qualified investment managers may make any investments which are allowed, at the time of making the investment, to fiduciaries in this state, except tha…

(1) The board shall employ a single custodian for the assets held by the fund. The custodian shall be responsible for: (a) Physical safekeeping of all securities; (b) Collection of all income; (c) Effecting all principal and income transactions; (d) Maintenance of a complete set …

The board may employ other persons to perform appropriate services for the fund, and may prescribe their responsibilities and compensation out of the earnings of the fund.

The board may create various investment pools within the fund, restricted to certain types of investments, or combining various investments in order to offer different levels of return and risk. Each participant may choose those pools in which it will invest, and the degree of in…

The board shall arrange for an annual audit of the fund and pools thereof, and a copy of the audit report shall be given to each participant.

The board shall require the qualified investment manager, custodian, or any person who has charge of, handles or has access to any of the moneys or other assets of the fund to be bonded in an amount of not less than the amount of fund assets normally in his possession or control.

(1) Charges for investment and custodial or other services which by nature benefit all fund participants shall be allocated by general rules over all fund participants enjoying those services: (a) Charges for investment services shall be allocated among the participants in direct…

As used in KRS 95.951 to 95.964, unless the context requires otherwise: (1) "Police officer" means a person who is employed as a sworn law enforcement officer by a city, urban-county, or charter county government law enforcement agency, excluding sheriffs, deputy sheriffs, consta…

As of July 14, 1992, no person shall be originally appointed or employed as a police officer or an auxiliary police officer by a city, urban-county, or charter county government in the Commonwealth unless he: (1) Is at least twenty-one (21) years of age; and (2) (a) Is a high sch…

(1) All police officers and auxiliary police officers originally appointed or employed by a city, urban-county, or charter county government after July 14, 1992, shall, within one (1) year of their appointment or employment, successfully complete a basic training course as establ…

Funds in the Kentucky Law Enforcement Foundation Program Fund may be utilized by the Department of Criminal Justice Training to reimburse cities, urban-counties, or charter counties with regular police departments of ten (10) or fewer officers for the cost of the base salary for …

(1) The provisions of KRS 95.951 to 95.960 shall be in addition to the requirements of KRS 61.300 or any other statute. (2) The provisions of KRS 95.951 to 95.960 shall not be construed as limiting any city, urban-county, or charter county in the Commonwealth which appoints or em…

(1) Any person who is at least twenty (20) years of age shall be eligible to be employed by an urban-county government police force for the purpose of attending a basic training course as defined in KRS 15.310 if he or she will be twenty-one (21) years of age at the time of becom…

between city police chief and local school district encouraged. (1) The chief of police in each city is encouraged to receive training on issues pertaining to school and student safety and shall be invited to meet annually with local superintendents to discuss emergency response …

Any person who knowingly makes any false statement, or falsifies, or permits to be falsified, any record or records of the fund defined by KRS 95.851, in any attempt to defraud the fund, is guilty of a misdemeanor, and shall be fined not less than $500 or imprisoned in the county…