Title
An Ordinance amending Section 6-49(a) of the Code of Ordinances relating to the election of retiree members to the Board of Trustees for the City Employees' Pension Fund to clarify election procedures and to authorize the Mayor to appoint non-retiree beneficiaries or other interested individuals to fill vacancies in retiree positions unfilled by election, subject to the approval of Council, as authorized by KRS 67a.320. [Council Clerk's Office, Allan]
Summary
Authorization to amend Section 6-49 of the Code of Ordinances to reflect action taken by the CEPF Board on July 26, 2022 to clarify election procedures and to appoint to fill vacancies on the Board that are unfilled by retiree elections, consistent with the recent state law change. No Budgetary impact. (L0768-22) (Allan/Hamilton)
Budgetary Implications: No
Advance Document Review:
Law: Yes: Completed by Michael Cravens, 8/8/22]}
Risk Management: No
Fully Budgeted: NA
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
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Activity:
Budget Reference:
Current Balance:
Body
BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Section 6-49(a) of the Code of Ordinances of the Lexington-Fayette Urban County Government be and hereby is amended to read as follows:
(a) The membership of the board of trustees of the pension fund shall consist of the Mayor, the commissioner of finance, the director of human resources, four (4) Council members subject to confirmation by a majority of the Council members, and three (3) retired members who shall be elected from the retirees of the fund. Members elected to the board of trustees shall hold their offices for a period of two (2) years and/or until their successors have been elected and qualified. The Mayor shall be chairman of the board. In addition thereto, but without having a vote on any question that comes before the board, the Council Clerk shall be ex officio secretary of the board...
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