<br><br>95.580 Sources of pension fund in cities of the third class. <br>(1) The policemen's and firefighters' pension fund in cities of the third class shall <br>consist of: <br>(a) Revenues of the city authorized to be paid by the city legislative body, which <br>shall be not less than the amount contributed by the members of the police and <br>fire departments. <br>(b) All rewards, fees, gifts and emoluments paid or given on account of <br>extraordinary service of any member of the police or fire department. <br>(c) Assessments, which the board of trustees of the pension fund may make, upon <br>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. <br>(2) Both the principal and interest of the pension fund shall be applicable to the <br>payment of pensions in cities of the third class. <br>Effective: July 13, 1984 <br>History: Amended 1984 Ky. Acts ch. 192, sec. 1, effective July 13, 1984. -- Amended <br>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. <br><br>