United States — Kentucky Statutes
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36,272 statutes · page 1782 of 1814
United States — Kentucky legislation
20 statutes shown from 36,272 source-backed records
KRS § 95.510 Repealed, 1994.
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- Citation unavailable
- Stored provisions
- 1 provision
This section was repealed in 1994.
KRS § 95.515 Repealed, 1994.
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- Citation unavailable
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- 1 provision
This section is repealed.
KRS § 95.518 Applicability of KRS 95.520 to 95.620 and KRS 95.621 to 95.629.
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- Citation unavailable
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- 1 provision
KRS 95.520 to 95.620 and 95.621 to 95.629 apply only to certain cities with a qualifying pension program established on or before August 1, 1988.
- Municipal pension program applicability
KRS § 95.520 Pension fund -- Board of trustees -- Coverage provided in County Employees Retirement System after August 1, 1988.
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- Citation unavailable
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- 1 provision
Covered cities must use the County Employees Retirement System for police and firefighters in the situations described, and the board of trustees manages the pension fund.
- Employee benefits
- Retirement plan administration
KRS § 95.530 Board of trustees of pension fund established under KRS 95.520 -- Members -- Officers -- Option to convert pension benefits to annuity benefits -- Adoption of ordinance dissolving pension fund -- Liquidation and distribution of residual assets -- Report.
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- Citation unavailable
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- 1 provision
This section sets how the pension fund board is composed, allows a limited option to convert pension benefits to annuity benefits, and permits dissolution and winding up of the fund if all liabilities are paid.
- Benefits conversion
- Fund dissolution
- Pension fund governance
KRS § 95.540 Rules, applications -- Records -- Reports.
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- Citation unavailable
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- 1 provision
The board of trustees may make necessary rules, must decide benefit and pension applications, must keep records, and must file an annual report with the city legislative body in August.
- Pension fund governance
- Records
- Reporting
KRS § 95.550 Benefits for disability or death from pension fund established under KRS 95.520 -- Beneficiaries -- Amounts.
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- Citation unavailable
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- 1 provision
This section sets monthly disability and death benefits from the policemen's and firefighters' pension fund and limits who can receive them.
- Benefits administration
- Death benefits
- Disability benefits
KRS § 95.560 Pensions on retirement in cities with pension fund established under KRS 95.520 -- Increase -- Health insurance for retirees.
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- Citation unavailable
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The board may let eligible police or fire department members petition for retirement, must increase benefits yearly if actuarially feasible, and may offer retiree health insurance with limits.
- Benefit increases
- Retiree health coverage
- Retirement benefits
KRS § 95.565 Credit under pension system established under KRS 95.520 for time spent in Armed Forces.
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- Citation unavailable
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- 1 provision
Eligible police or fire department members who left for the U.S. Armed Forces, were honorably discharged, and return may get the same pension or benefits, subject to World War II and reinstatement timing limits.
- Retirement benefits
KRS § 95.570 Funeral benefit.
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- Citation unavailable
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- 1 provision
The pension fund board may pay up to $200 for funeral expenses to a widow, widower, or family when a qualifying active or retired police or fire member dies.
- Funeral benefit
KRS § 95.580 Sources of pension fund established under KRS 95.520.
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- Citation unavailable
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The pension fund must be funded from city revenues, rewards and gifts, and assessments on police and fire members, and those withheld assessments must be paid into the fund.
- Payroll withholding
- Pension fund funding
KRS § 95.590 Custody of pension fund established under KRS 95.520.
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- Citation unavailable
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- 1 provision
The city treasurer or chief financial officer serves as custodian of the pension fund and must keep and account for the fund, while also filing a bond within 10 days of appointment.
- Board oversight
- Bond requirement
- Custody of fund
KRS § 95.600 Investment of pension fund established under KRS 95.520.
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- Citation unavailable
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- 1 provision
The board of trustees may draw the pension fund from the treasury and must invest it as allowed by the section.
- Fund management
- Securities investment
KRS § 95.610 Payments to pension fund established under KRS 95.520 -- Disbursements -- Insufficient funds.
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- Citation unavailable
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- 1 provision
City officers must issue pension-fund warrants when the board of trustees asks in writing, and the pension fund treasurer may pay only on properly signed warrants. If funds are short, beneficiaries receive an equal percentage until the fund is replenished.
- Pension fund disbursement
KRS § 95.620 Pension fund established under KRS 95.520 to be used to pay pensions and benefits -- Exceptions -- Refund of contributions.
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- Citation unavailable
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- 1 provision
The pension fund must be used only to pay pensions and benefits, with listed child-support and cited statutory exceptions. Members who leave before qualifying for a pension can request a refund of contributions, and the board can delay payment up to six months. A refunded member gives up accrued rights, but may later r
- Benefits administration
- Pension fund use
- Refunds
KRS § 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.
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- Citation unavailable
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- 1 provision
Cities covered by this section must join the County Employees Retirement System after August 1, 1988, and certain covered employees may opt out of participation by written notice within 10 days.
- Employee pension coverage
- Retirement benefits
KRS § 95.622 Pension fund created in cities adopting provisions of KRS 95.621 to 95.629 -- Board of trustees, members, officers, powers -- Option to convert pension benefits to annuity benefits -- Repeal of ordinances establishing pension fund -- Liquidation and distribution of residual assets -- Report.
- Citation
- Citation unavailable
- Stored provisions
- 1 provision
This section creates a policemen’s and firefighters’ pension fund and board of trustees in cities that adopted the cited KRS provisions, and gives the board powers over fund management.
- Benefits conversion
- Board governance
- Pension fund administration
KRS § 95.623 Rules -- Determination of pension applications -- Reports -- Legal adviser.
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- Citation unavailable
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- 1 provision
The board of trustees can make needed rules and must decide pension benefit applications, keep records, and send an annual report. The city attorney must advise and represent the board if requested.
- Annual reporting
- Benefits determinations
- Legal representation
- Pension fund administration
KRS § 95.624 Pensions in cities adopting alternative provisions of KRS 95.621 -- Service retirement -- Disability pensions -- Survivor's benefits -- Increase in benefits -- Health insurance for retirees.
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- Citation unavailable
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- 1 provision
This section sets pension and survivor benefit rules for police and fire department members in cities using the alternative pension provisions, and allows the board to provide certain insurance and benefit increases.
- Disability pensions
- Health insurance
- Retirement benefits
- Survivor benefits
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