58 chapters · 2,501 sections in this title.
KRS § 95.890 Definitions for KRS 95.895 to 95.945
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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…
KRS § 95.895 Local government pension investment fund
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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…
KRS § 95.900 Allocation of units of participation
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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…
KRS § 95.905 Governing board of fund -- Membership
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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…