95.621 Adoption by city described in KRS 95.518 of alternative fund, effect --
366 words·~2 min read·
/ky/95-621A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Members excluded, how -- Coverage provided in County Employees
Retirement System after August 1, 1988.
(1)If a city described in KRS 95.518 adopted the alternative pension fund provisions
under KRS 95.621 to 95.629 prior to August 1, 1988, to govern the pension fund for
its policemen and firefighters, all the provisions in this section are mandatory. The
provisions of KRS 95.620 shall apply to any city which has adopted KRS 95.621 to
95.629.
(2)Any member of the police or fire department serving at the time of passage of the
ordinance and not desiring to participate in the fund and its benefits may be
excluded by notifying the board of trustees of the pension fund in writing of his
desire not to participate within ten
(10)days after the effective date of this
ordinance.
(a)After August 1, 1988, no new pension fund shall be created pursuant to this
section, and cities which were covered by this section on or prior to August 1,
1988, shall participate in the County Employees Retirement System effective
August 1, 1988;
(b)Cities which were covered by this section on or prior to August 1, 1988, shall
provide for the retirement of police or firefighters rehired after August 1,
1988, by placing such employees in the County Employees Retirement
System;
(c)Cities which were covered by this section on or prior to August 1, 1988, shall
place police or firefighters newly hired after August 1, 1988, in the County
Employees Retirement System;
(d)Cities which were covered by this section on or prior to August 1, 1988, shall
offer employees hired on or prior to August 1, 1988, membership in the
County Employees Retirement System under the alternate participation plan
as described in KRS 78.530(3), but such employees may elect to retain
coverage under this section; and
(e)The city shall certify that all police and firefighters placed in the County
Employees Retirement System, and not covered by Social Security for their
employment with the city, are employed in hazardous positions. If the police
and firefighters are covered by Social Security for their employment with the
city, the city may certify that they are employed in hazardous positions.