Policemen's and Firefighters' Retirement Fund
The Police and Firefighter 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.
Kentucky Revised Statutes
Information regarding the merit and pension systems as well as collective bargaining can be found on the Kentucky Legislative Research Commission website Kentucky Revised Statutes.
The PFRF is funded by employer and employee contributions. Employees contribute 12 percent of their salary and the LFUCG contributes 36.53 percent of salaries. The financial management and oversight of the fund includes active investment management, an annual financial audit and a 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
Passive Large Cap Core 10.0%
Active Large Cap Growth 7.5%
Active Large Cap Value 7.5%
Small Cap Equity 15.0%
International Growth Equities 9.25%
International Value Equities 9.25%
Emerging Markets 4.5%
Total Equities 63.0%
US Core Fixed Income 15.5%
US High Yield Fixed Income 7.5%
Total Fixed Income 23.0%
Real Estate 9.0%
Real Return 5.0%
Total Plan 100.0%
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
Health insurance rate comparison