95.890 Definitions for KRS 95.895 to 95.945.

186 words·~1 min read·/ky/chapter-95/95-890

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

For the purposes of KRS 95.895 to 95.945, the following terms shall have the following meanings:

(1)"Beneficiary" shall mean a member, either active or retired, of a local government

pension system which participates in the local government pension investment fund;

(2)"Board" shall mean the governing body of the local government pension investment

fund, as provided for in KRS 95.905;

(3)"Fund" shall mean the local government pension investment fund, as created by

KRS 95.895 to 95.945;

(4)"Qualified investment manager" shall mean a bank or trust company as defined and

regulated in Subtitle 3 of KRS Chapter 286, or an investment adviser as defined in

KRS 292.310 and registered under KRS 292.330, or an investment adviser

registered under the federal investment advisers act of 1940, or an insurance

company certified pursuant to KRS 304.3-160;

(5)"Participant" shall mean a locally administered public pension system, created

pursuant to KRS 79.080, 90.400, 90.410, 95.290, 95.520 to 95.620, 95.621 to

95.629, 95.767 to 95.784, 95.851 to 95.884, 95.991 or 96.180, which chooses to

invest in and thereby become a member of the local government pension investment

fund.