16.510 Retirement system established -- Fund created.
107 words·~1 min read·
/ky/chapter-16/16-510A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby created and established:
(1)A retirement system for state police to be known as the "State Police Retirement
System" by and in which name it shall, pursuant to the provisions of KRS 16.510 to
16.652, transact all of its business, and shall have the powers and privileges of a
corporation; and
(2)A fund, to be known as the "State Police Retirement Fund," which shall consist of
all the assets of the system as set forth in KRS 16.555. All assets received in the
fund shall be deemed trust funds to be held and applied solely as provided in KRS
16.505 to KRS 16.652.