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COUNTY EMPLOYEE’S RETIREMENT SYSTEM; CITY PARTICIPATION
§ 38.020 PENSION PLANS.
   (A)   The City shall continue to fund and manage its existing pension plan for the benefit of any retirees participating therein.
   (B)   However, employees hired after July 31, 1988, shall participate only in the county employee retirement system.
(1995 Code, § 2.84.040)
§ 38.021 ADOPTION OF STATUTORY PROVISIONS; AMORTIZATION.
   The City adopts the terms and provisions of the county employees retirement system under KRS 78.510 through 78.852, elects the alternate participation plan under KRS 78.530(3), and declares its intention to enter into an agreement with the Board of Trustees for the amortization of the cost of the prior service credit over a period not to exceed 30 years commencing on or about August 1, 1988.
(1995 Code, § 2.84.060)
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