Police and Fire Retirement Fund
The Police and Fire Retirement Fund is a retirement and benefit fund for sworn members of the Divisions of Police and Fire and Emergency Services.
The provisions of the PFRF are established by state law (KRS 67A.360 – 67A.690). The statutes should be consulted for detailed information.
Retirement options and benefits
Upon retirement qualified employees are eligible to receive a monthly annuity, health benefits and survivor benefits. Retirees are also eligible to participate in family insurance programs and dental insurance programs.
Financial information
Financial Information
The PFRF is funded by employer and employee contributions. Employees contribute 12% of their salary and the LFUCG contributes 42.73% of salaries. The financial management and oversight of the fund include active investment management, an annual financial audit and bi-annual actuarial analyses.
Investments
The PFRF has contracted with external investment managers to manage all funds. The Board has adopted an investment policy that recommends the following target allocations based on asset class:
| Asset Class | Target Allocation |
|---|---|
| Domestic Equity | 40% |
| International Equity | 23% |
| Domestic Fixed Income | 23% |
| Real Estate | 9% |
| Real Assets | 5% |
| Total Plan | 100.0% |
Financial Statements
The funds of the PFRF are audited on an annual basis and are included in the LFUCG Annual Comprehensive Financial Report. The financial statements are prepared in accordance with Generally Accepted Accounting Principles and the reporting standards of the Governmental Accounting Standards Board. The Annual Report for each fiscal year can be found on the accounting page.
Actuarial Report
An actuarial analysis that evaluates the funding status of the PFRF has been conducted every year since 2010.
Forms and reports
Account maintenance
Beneficiary designation
Change of address
Direct deposit
W4P federal withholding
State withholding
Purchase of service time request
Personal information update
Tobacco waiver
Pension contribution withdrawal
Health information
Enrollment form
Retirement application
Service retirement application
Supplement questionnaire
Disability application
Disability application
Health care provider form
Authorization for release of information
Supplement questionnaire
Job responsibilities – Fire
Job responsibilities – Police
News
Corrections, police, fire, government employees get raises
The Urban County Council gave Corrections Officers a $7,500 annual raise to make salaries more competitive and improve retention of quality employees.
Police, Fire pension fund assets top $1 billion
The assets of the pension fund recently topped $1 billion for the first time in its history.