KRS 95.629: City's obligation in alternative pension fund provisions -- Pension fund

support by city, how computed.

(1) In case of insufficient funds the city will be held responsible for the payment of the

monthly payments of the pension fund after the entire proceeds of said pension fund

have been transferred to the general fund of the city that has adopted the alternative

pension fund provisions authorized by KRS 95.621.

(2) Revenues of the city authorized by the city legislative body to support the pension

fund shall be computed by determining the amount needed to meet the monthly

requirements of KRS 95.621 to 95.629.