95.610 Pension fund, payments to -- Disbursements -- Insufficient funds. - Kentucky Statutes

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95.610 Pension fund, payments to -- Disbursements -- Insufficient funds. (1) The officers of cities of the third class designated by law to draw warrants on the city treasurer shall, on request in writing by the board of trustees of the pension
fund, draw warrants on the city treasurer payable to the treasurer of the board of
trustees of the pension fund for all funds belonging to the pension fund. (2) Moneys ordered paid from the pension fund to any person shall be paid by the treasurer of the board of trustees only upon warrant signed by the president of the
board and countersigned by the secretary. No warrant shall be drawn except by
order of the board of trustees duly entered on the records of the proceedings of the
board. (3) If at any time there is not sufficient money in the pension fund to pay each beneficiary the full amount per month to which he is entitled, an equal percentage of
the monthly payments due shall be paid to each until the fund is so replenished as to
warrant payment in full to all beneficiaries. History: Amended 1966 Ky. Acts ch. 255, sec. 109. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3142b-10, 3142b-15,
3142b-16, 3351a-10, 3351a-15, 3351a-16.