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.
The PFRF is funded by employer and employee contributions. Employees contribute 12% of their salary and the LFUCG contributes 36.22% of salaries. The financial management and oversight of the fund include active investment management, an annual financial audit and bi-annual actuarial analyses.
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 Fixed Income||23%|
The funds of the PFRF are audited on an annual basis and are included in the LFUCG Comprehensive Annual Financial Report. The financial statements are prepared in accordance with Generally Accepted Accounting Principles and the reporting standards of the Governmental Accounting Standards Board. View the Comprehensive Annual Financial Report.
An actuarial analysis that evaluates the funding status of the PFRF has been conducted every year since 2010.
Forms and reports
Change of address
W4P federal withholding
Purchase of service time request
Personal information update
Pension contribution withdrawal