95.580 Sources of pension fund in cities of the third class.
(1) The policemen's and firefighters' pension fund in cities of the third class shall
consist of: <br>(a) Revenues of the city authorized to be paid by the city legislative body, which
shall be not less than the amount contributed by the members of the police and <br>fire departments.
(b) All rewards, fees, gifts and emoluments paid or given on account of
extraordinary service of any member of the police or fire department.
(c) Assessments, which the board of trustees of the pension fund may make, upon
each member of the police and fire departments, of not less than one percent <br>(1%) nor more than four percent (4%) of his salary, to be withheld from the <br>monthly salary and paid by the city treasurer into the pension fund.
(2) Both the principal and interest of the pension fund shall be applicable to the
payment of pensions in cities of the third class.
Effective: July 13, 1984 <br>History: Amended 1984 Ky. Acts ch. 192, sec. 1, effective July 13, 1984. -- Amended
1982 Ky. Acts ch. 297, sec. 7, effective July 15, 1982. -- Amended 1978 Ky. Acts <br>ch. 164, sec. 26, effective June 17, 1978. -- Amended 1956 Ky. Acts ch. 31, sec. 2, <br>effective May 19, 1956. -- Amended 1948 Ky. Acts ch. 75, sec. 1. -- Recodified 1942 <br>Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3142b-4, <br>3142b-5, 3142b-8, 3351a-4, 3351a-5, 3351a-8.
95.580 Sources of pension fund in cities of the third class.
(1) The policemen's and firefighters' pension fund in cities of the third class shall
consist of: <br>(a) Revenues of the city authorized to be paid by the city legislative body, which
shall be not less than the amount contributed by the members of the police and <br>fire departments.
(b) All rewards, fees, gifts and emoluments paid or given on account of
extraordinary service of any member of the police or fire department.
(c) Assessments, which the board of trustees of the pension fund may make, upon
each member of the police and fire departments, of not less than one percent <br>(1%) nor more than four percent (4%) of his salary, to be withheld from the <br>monthly salary and paid by the city treasurer into the pension fund.
(2) Both the principal and interest of the pension fund shall be applicable to the
payment of pensions in cities of the third class.
Effective: July 13, 1984 <br>History: Amended 1984 Ky. Acts ch. 192, sec. 1, effective July 13, 1984. -- Amended
1982 Ky. Acts ch. 297, sec. 7, effective July 15, 1982. -- Amended 1978 Ky. Acts <br>ch. 164, sec. 26, effective June 17, 1978. -- Amended 1956 Ky. Acts ch. 31, sec. 2, <br>effective May 19, 1956. -- Amended 1948 Ky. Acts ch. 75, sec. 1. -- Recodified 1942 <br>Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3142b-4, <br>3142b-5, 3142b-8, 3351a-4, 3351a-5, 3351a-8.
95.580 Sources of pension fund in cities of the third class.
(1) The policemen's and firefighters' pension fund in cities of the third class shall
consist of: <br>(a) Revenues of the city authorized to be paid by the city legislative body, which
shall be not less than the amount contributed by the members of the police and <br>fire departments.
(b) All rewards, fees, gifts and emoluments paid or given on account of
extraordinary service of any member of the police or fire department.
(c) Assessments, which the board of trustees of the pension fund may make, upon
each member of the police and fire departments, of not less than one percent <br>(1%) nor more than four percent (4%) of his salary, to be withheld from the <br>monthly salary and paid by the city treasurer into the pension fund.
(2) Both the principal and interest of the pension fund shall be applicable to the
payment of pensions in cities of the third class.
Effective: July 13, 1984 <br>History: Amended 1984 Ky. Acts ch. 192, sec. 1, effective July 13, 1984. -- Amended
1982 Ky. Acts ch. 297, sec. 7, effective July 15, 1982. -- Amended 1978 Ky. Acts <br>ch. 164, sec. 26, effective June 17, 1978. -- Amended 1956 Ky. Acts ch. 31, sec. 2, <br>effective May 19, 1956. -- Amended 1948 Ky. Acts ch. 75, sec. 1. -- Recodified 1942 <br>Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3142b-4, <br>3142b-5, 3142b-8, 3351a-4, 3351a-5, 3351a-8.
