Section 95.621 - Adoption by city described in KRS 95.518 of alternative fund, effect - Members excluded, how - Coverage provided in County Employees Retirement System after August 1, 1988(1) If a city described in KRS 95.518 adopted the alternative pension fund provisions under KRS 95.621 to 95.629 prior to August 1, 1988, to govern the pension fund for its policemen and firefighters, all the provisions in this section are mandatory. The provisions of KRS 95.620 shall apply to any city which has adopted KRS 95.621 to 95.629.(2) Any member of the police or fire department serving at the time of passage of the ordinance and not desiring to participate in the fund and its benefits may be excluded by notifying the board of trustees of the pension fund in writing of his desire not to participate within ten (10) days after the effective date of this ordinance.(3)(a) After August 1, 1988, no new pension fund shall be created pursuant to this section, and cities which were covered by this section on or prior to August 1, 1988, shall participate in the County Employees Retirement System effective August 1, 1988;(b) Cities which were covered by this section on or prior to August 1, 1988, shall provide for the retirement of police or firefighters rehired after August 1, 1988, by placing such employees in the County Employees Retirement System;(c) Cities which were covered by this section on or prior to August 1, 1988, shall place police or firefighters newly hired after August 1, 1988, in the County Employees Retirement System;(d) Cities which were covered by this section on or prior to August 1, 1988, shall offer employees hired on or prior to August 1, 1988, membership in the County Employees Retirement System under the alternate participation plan as described in KRS 78.530(3), but such employees may elect to retain coverage under this section; and(e) The city shall certify that all police and firefighters placed in the County Employees Retirement System, and not covered by Social Security for their employment with the city, are employed in hazardous positions. If the police and firefighters are covered by Social Security for their employment with the city, the city may certify that they are employed in hazardous positions.Amended by 2015 Ky. Acts ch. 28,§ 14, eff. 6/22/2015.Amended by 2014 Ky. Acts ch. 92,§ 133, eff. 1/1/2015.Effective:7/15/1988
Amended 1988 Ky. Acts ch. 11, sec. 4, effective7/15/1988. -- Amended 1984 Ky. Acts ch. 177, sec. 5, effective 7/13/1984. -- Amended 1978 Ky. Acts ch. 164, sec. 28, effective 6/17/1978. -- Amended 1974 Ky. Acts ch. 52, sec. 1. --Created 1966 Ky. Acts ch. 8, secs. 1 and 11.