The governing bodies of local government pension systems which can qualify as participants may create a local government pension investment fund, comprised of assets and earnings thereon which participants invest in the fund. Membership in the fund shall be a voluntary act by a participant. A participant may invest its assets in the fund in accordance with procedures adopted by the board.
Effective: July 15, 1980

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Terms Used In Kentucky Statutes 95.895

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

History: Created 1980 Ky. Acts ch. 307, sec. 2, effective July 15, 1980.