There shall be organized in connection with the Police and Fire Departments a board to be known as the Board of Trustees of the Policemen's and Firefighter's Pension Fund. If there are six or more active members of the Fund, the Board shall be composed of the Mayor, City Treasurer, one member of the City Council appointed by the Mayor, one retired member each from the Police and Fire Departments elected by the respective retired members of those departments annually by ballot, and one active member of the Fund from each department elected by the active members of the Fund from the respective departments annually. If all six or more active members or all of the retired members are from one department, then both of the active member board members or both of the retired board members, as the case may be, shall be elected from that department. If there are fewer than six active members of the Fund, no active members of the departments shall be elected to the Board. The trustee shall select from their number a president and secretary. The City Treasurer shall be ex officio treasurer of the Board and custodian of its fund.
(Ord. O-7-2005, passed 5-2-05)
Statutory reference:
For similar statutes, see KRS 95.767