KRS 78.630: System's assets.

Except as provided by KRS 61.701, all of the assets of the system shall be held in

the county employees' retirement fund and credited, according to the purpose for

which they are held, to one (1) of three (3) accounts, namely, the members' account,

the retirement allowance account, and accounts established pursuant to 26 U.S.C.

sec. 401(h) within the funds established in KRS 78.520, as prescribed by KRS

78.5536(3)(b).