KRS 95.769: Management of fund -- Assessments against salaries of policemen and

firefighters.

Said board of trustees of the policemen's and firefighters' pension fund shall have the

exclusive control and management of the said fund and all moneys donated, paid o r

assessed for the relief or for pensioning retired, crippled or disabled members of the

police or fire departments or the widows and dependent children under the age of

fourteen (14) years or dependent fathers or mothers of any members of the departments

killed in the service, while in line of duty, and shall assess each member of the police and

fire departments not exceeding three and one -half percent (3.5%) of the salary of such

member, to be deducted and withheld from the monthly pay of each member so a ssessed,

the same to be placed by the treasurer or chief financial officer of such city to the credit of

such fund, subject to the order of such board.