Kentucky Statutes 95.627 – Pension fund created pursuant to KRS 95.622, sources — Use
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(1) The policemen’s and firefighters’ pension fund created pursuant to KRS § 95.622 shall consist of:
(a) Revenues of the city authorized by the city legislative body, which shall be not less than the amount contributed by the members of the police and fire departments. Policemen and firefighters shall contribute the same rate as Social Security from their salary; and
(b) All rewards, fees, gifts and emoluments paid or given on account of extraordinary service of any member of the police or fire department.
(2) Both the principal and interest of the pension fund shall be applicable to the payment of pensions governed by the provisions of KRS § 95.621 to KRS § 95.629.
Effective: January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 137, effective January 1, 2015. — Amended 1984 Ky. Acts ch. 192, sec. 2, effective July 13, 1984. — Amended 1978
Ky. Acts ch. 164, sec. 32, effective June 17, 1978. — Created 1966 Ky. Acts ch. 8, sec. 8.
(a) Revenues of the city authorized by the city legislative body, which shall be not less than the amount contributed by the members of the police and fire departments. Policemen and firefighters shall contribute the same rate as Social Security from their salary; and
Terms Used In Kentucky Statutes 95.627
- City: includes town. See Kentucky Statutes 446.010
(b) All rewards, fees, gifts and emoluments paid or given on account of extraordinary service of any member of the police or fire department.
(2) Both the principal and interest of the pension fund shall be applicable to the payment of pensions governed by the provisions of KRS § 95.621 to KRS § 95.629.
Effective: January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 137, effective January 1, 2015. — Amended 1984 Ky. Acts ch. 192, sec. 2, effective July 13, 1984. — Amended 1978
Ky. Acts ch. 164, sec. 32, effective June 17, 1978. — Created 1966 Ky. Acts ch. 8, sec. 8.