The purpose of this fund is to provide retirement annuities and disability benefits for the members of the police and fire departments who become aged or otherwise incapacitated, and widows' annuities and other benefits to the dependents of such members to the end that such members may accumulate reserves for themselves and their dependents to meet, without prejudice or hardship, the hazards of old age, disability, death, and termination of service, thereby encouraging qualified personnel to enter and remain in the service of such departments.
KRS 95.853
Purpose of fund
Applied in 2 court decisions — leading case Keeton v. City of Ashland (1994)
Most recently applied in Keeton v. City of Ashland (July 1994)
Effective: July 1, 1956 History: Created 1956 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.