KRS 95.867: Members' contributions -- Director of finance to deduct.

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 sha ll be

made as deduction from salary, notwithstanding that the salary paid in cash to such

member may be reduced thereby below the established statutory rate. Every member of

the fund shall be deemed to consent and agree to the deduction from salary as here in

provided, and shall receipt for his full salary, and payment to such member of salary less

such deduction shall constitute a full and complete discharge and acquittance of all claims

and demands whatsoever for the services rendered by such member during the period

covered by such payment, except as to the benefits herein provided.