Title IX, Counties, Cities, and Other Local Units

increase. (1) The rate of retirement annuity shall be two and one-half percent (2.5%) of average salary, as defined in KRS 95.851(13), for each year of total service up to and including thirty (30) years, subject to a maximum of seventy-five percent (75%) of average salary. Fract…

minor children, parents -- Reduction of survivor benefits -- Cost-of-living increases. (1) Upon death of a member due to occupational causes, regardless of length of service, his surviving widow shall be entitled immediately upon cessation of salary or annuity, as the case may be…

surviving widow and minor children -- Cost-of-living increases. (1) Upon death of a member occurring while in service, arising from any cause other than in the performance of duty, provided the member has had at least three (3) years of total service, his widow shall receive an a…

Cost-of-living increases. (1) In the event a total and permanent occupational disability occurs, the member shall receive an annuity equal to seventy percent (70%) of his last rate of salary. If the calculated monthly benefit is less than five hundred dollars ($500) per month, th…

Accrual of annuity -- Cost-of-living increases. (1) Upon total and permanent disability of a member as the result of any cause other than occupational disability, if a member shall have rendered at least ten (10) years of total service, he shall be entitled to a disability retire…

physicians -- Termination of policeman's or firefighter's disability retirement annuity -- Appeal. (1) For the purpose of KRS 95.851 to 95.884 and KRS 95.991, a member shall be considered totally and permanently disabled after the board shall have received written certification b…

The provisions of KRS 95.860 to 95.864, as amended by 1980 Acts Chapter 367, relating to maximum benefits from a combination of disability or survivor benefits and workers' compensation benefits, or reduction of disability or survivor benefits because of benefits paid pursuant to…

designated beneficiary. (1) Upon death of a member, occurring while in active service, if no widow's annuity or children's annuities are payable, the designated beneficiary of the member or his estate shall be entitled to a death benefit equal to the total contributions made by t…

(1) Upon withdrawal from service prior to retirement, a member shall be entitled to receive a refund of the amount of contributions made by the member after the date of establishment, including those employee contributions picked up by the employer pursuant to KRS 65.155, without…

Each active member shall contribute a sum equal to eight percent (8%) of current salary. The director of finance of the city is hereby authorized to deduct such amount from the salary of each active member in semimonthly installments. This contribution shall be made as deduction …

The city shall make current contributions to the fund on an actuarially funded basis, toward the annuities and benefits herein provided. These contributions shall be equal to the sum of the following: (1) An annual amount resulting from the application of a rate percent of salari…

Removal for cause -- Option to convert pension benefits to annuity benefits -- Repeal of ordinances establishing pension fund -- Liquidation and distribution of residual assets -- Report. (1) (a) The responsibility for the proper operation of the fund and the direction of its pol…

(1) Subject to the foregoing provisions, there shall be held on the first Wednesday after the first Tuesday of September of each year an election among the active members for trustee of the fund. Under KRS 95.869, if there are two (2) additional active board members of the fund s…

The board shall have, in addition to other duties arising out of KRS 95.851 to 95.884 and KRS 95.991, the following duties: (1) Establish and maintain an office in the facilities provided by the city for the meetings of the board and the keeping of the books, accounts, and record…

and regulations. (1) The officers of the board shall consist of a president, vice president, and a secretary. The president shall be the chief executive officer of the board, shall preside at all meetings and shall appoint all necessary committees. The vice president shall serve …

The board may invest the moneys accruing to the fund, in interest-bearing bonds of any county, urban-county government or city in this state, or in any securities in which trustees are permitted to invest trust funds under the laws of this state including participation in a local…

(1) An adequate system of accounts and records shall be established and maintained for the fund that will reflect fully the requirements of the provisions of KRS 95.851 to 95.884 and KRS 95.991. This system shall be integrated, to the extent possible with the accounts, records, a…

(1) The officers of the city designated by law to draw warrants on the city treasurer or chief financial officer shall, on request in writing by the board, draw warrants on the city treasurer or chief financial officer, payable to the treasurer of the board, against moneys of the…

The fund created by KRS 95.851 to 95.884 and KRS 95.991 shall continue to make payment of all annuities, pensions, and benefits granted by superseded pension funds at the rates previously fixed and under the conditions previously in effect.

Each member shall, by virtue of the payment of contributions to the fund or pick up of employee contributions by the employer pursuant to KRS 65.155, receive a vested interest in such contributions, and in consideration of such vested interest, shall be conclusively deemed to und…

Except for court or administratively ordered current child support, owed child support, or to-be-owed child support, the right to a retirement annuity, disability annuity, survivor's annuity or benefit, death benefit, or any other benefit under the provision hereof, by whatever n…

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 or willfully makes any false or fraudulent statement or representation in any record or report to the commission under KRS 95A.280 shall be fined not less than one hundred dollars ($100) nor more than five hundred dollars ($500), or imprisoned for not les…

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…

As used in this chapter, unless the context otherwise requires, the following words or terms shall mean as follows: (1) "City" means any incorporated city in the Commonwealth; (2) "County" means any county in the Commonwealth wherein there is located an incorporated city and for …

(1) At least six (6) months before the expiration of any franchise acquired under or prior to the present Constitution, the legislative body of each city shall provide for the sale of a new franchise to the highest and best bidder on terms that are fair and reasonable to the city…