{"data":{"id":"us-ky/krs-95.520","jurisdiction":"us-ky","citation":"KRS 95.520","heading":"Pension fund -- Board of trustees -- Coverage provided in County","body":"Employees Retirement System after August 1, 1988.\n(1) In cities meeting the criteria set out in KRS 95.518, there shall be a policemen's and\nfirefighters' pension fund, and a board of trustees for that fund unless the policemen\nand firefighters are included in the membership of the County Employees\nRetirement System.\n(2) The board of trustees is the trustee of the pension fund, and has exclusive control\nand management of the pensi on fund and of all moneys donated or paid for the\nrelief or pensioning of members of the police and fire departments. It may do all\nthings necessary to protect the fund.\n(3) (a) After August 1, 1988, no new locally administered pension fund shall be\ncreated pursuant to this section, and cities which were covered by this section\non or prior to August 1, 1988, shall participate in the County Employees\nRetirement System effective August 1, 1988.\n(b) Cities which were covered by this section on or prior to Augu st 1, 1988, shall\nprovide for the retirement of police or firefighters rehired after August 1,\n1988, by placing such employees in the County Employees Retirement\nSystem.\n(c) Cities which were covered by this section on or prior to August 1, 1988, shall\nplace police or firefighters newly hired after August 1, 1988, in the County\nEmployees Retirement System.\n(d) Cities which were covered by this section on or prior to August 1, 1988, shall\noffer employees hired on or prior to August 1, 1988, membership in the\nCounty Employees Retirement System under the alternate participation plan\nas described in KRS 78.530(3), but such employees may elect to retain\ncoverage under this section.\n(e) The city shall certify that all police and firefighters placed in the County\nEmployees Retirement System, and not covered by Social Security for their\nemployment with the city, are employed in hazardous positions. If the police\nand firefighters are covered by Social Security for their employment with the\ncity, the city may certify that they are employed in hazardous positions.","path":["KRS Chapter 95"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=44285","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:55Z","sha256":"375ac0e50f75c1c42e7aa2c9559bb4319ca3b91f433aca54273c219685e42415","source_id":"us-ky","stale":false,"prev":"us-ky/krs-95.518","next":"us-ky/krs-95.530"},"notice":"GroundRules: Original legal text. Not legal advice."}