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

92 words·~1 min read·/ky/95-629

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.