LFUCG employees have the opportunity to grow savings contributions in pre-tax 401(k) and 457 plans as well as after-tax Roth IRA and Roth 401(k) plans; and LFUCG’s legislative body contributes city revenues to the County Employees Retirement System (the retirement and benefits system for LFUCG’s full-time employees) and the Police and Firefighter Retirement Fund (the retirement and benefit fund for sworn members of the Divisions of Police and Fire and Emergency Services).
County Employees Retirement Systems (CERS)
Full-time employees participate in the County Employees Retirement System (CERS). Plan participants make pre-tax contributions to the CERS pension fund and the city’s legislative body contributes city revenues to the fund. CERS is administered by the Kentucky Public Pensions Authority (KPPA). For more information, contact KPPA 8 a.m. – 4:30 p.m. Monday – Friday or visit their website.
Kentucky Public Pensions Authority
1260 Louisville Rd
Frankfort, Ky., 40601
Phone: (800) 928-4646 (Toll-Free) or (502) 696-8800 (Frankfort)
Fax: (502) 696-8822
Email: kppa.mail@kyret.ky.gov
Service Credit for retirement purposes
For retirement purposes, all periods of absence without leave and authorized leaves of absence without pay for periods in excess of 30 calendar days shall be deducted in computing total service credit. All service credit shall be extinguished upon dismissal or upon acceptance of resignation. As provided in the code of ordinances, section 21-23, service credit shall not be restored upon reinstatement.
Reference:
Code of Ordinances, Sec. 21-47. – Continuity of service requirements.
Police and Firefighter Retirement Fund (PFRF)
The Police and Firefighter Retirement Fund (PFRF) is a retirement and benefit fund for sworn members of the Lexington Police Department and Fire & Emergency Services that the city’s legislative body contributes city funds. The provisions of the PFRF are established by state law (KRS 67A.360 – 67A.690). For more information, contact the Police and Firefighter's Retirement Fund office 8 a.m. – 4 p.m., Monday – Friday or visit their website.
Police and Firefighter's Retirement Fund
200 E. Main St.
Lexington, Ky., 40507
Phone: (859) 258-3539
Fax: (859) 425-2050
Email: scombs@lexingtonky.gov
Reference:
KRS 067A.360 – 067A.690: Police and Firefighters’ Retirement and Benefit Fund.
KRS 090.400 Pension fund in cities -- Coverage provided in County Employees
Retirement System after August 1, 1988 -- Repeal of ordinances established for creation or maintenance of pension fund -- Liquidation and distribution of residual assets -- Report.
Code of Ordinances, Chapter 06 – Employees and Pensions