(A) The Board of Trustees of the Policemen’s and Firemen’s Pension Fund shall be composed of the Mayor ex-officio, Chief Financial Officer ex-officio and one retired member from the Police and Fire Departments who shall be elected by the respective members of those Departments annually by ballot, one from each Department. Each shall serve for one year and until their successors are elected and qualified. In the event of a vacancy of an elected member, the Pension Board may fill the vacancy by appointment until the next regular election.
(B) When there become fewer than six retired members of the Fund, the Board of Trustees shall be composed of the Mayor, Chief Financial Officer, and two employees appointed by the Mayor, one from the Police Department and one from the Fire Department, who shall serve for one year and until their respective successors are appointed and qualified. If all members of the Pension Fund are from one Department, no appointment shall be made from the other Department.
(C) The Board shall select from their number a president and a secretary.
(D) The Board may make all necessary rules for its government in the discharge of its duties and shall hear and decide all applications for benefits or pensions. Its decision on these applications shall be conclusive, and not subject to revision or reversal, except by the Board as provided in KRS 95.641(1). A record shall be kept of the meetings and proceedings of the Board.
(E) The Board of Trustees of the Pension Fund shall make an annual report on the condition of the Pension Fund to the city legislative body, at that body’s first meeting in May of each year. The City Attorney shall advise and represent the Trustees of the Pension Fund. The Board of Trustees may, however, employ other counsel if it so desires.
(Ord. 448, passed 12-17-1946; Ord. 29-2001, passed 11-6-2001; Ord. 28-2019, passed 12-17- 2019)
Statutory reference:
Composition of Board, see KRS 95.622
Powers and duties of Board, see KRS 95.623