ORDINANCE NO. _____, SERIES 2026
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AN ORDINANCE AMENDING SECTION 32.130 OF THE LOUISVILLE METRO CODE OF ORDINANCES REGARDING THE ADMINISTRATION OF THE POLICEMEN’S RETIREMENT FUND.
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SPONSORED BY: COUNCIL MEMBER MULVEY-WOOLRIDGE
WHEREAS, Metro Council wishes to amend the Louisville Metro Code of Ordinances (LMCO), Section 32.130, to provide for the proper operation of the Fund with an aging population of members of the Policemen’s Retirement Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT AS FOLLOWS:
SECTION I: Louisville Metro Code of Ordinances (“LMCO”) Chapter 32 is hereby amended as follows:
32.130 BOARD OF TRUSTEES: MEMBERS.
The responsibility for the proper operation of the Fund and the direction of its policies shall be vested in a Board of Trustees of six members. The majority of the Board of Trustees shall be comprised of members and widows and widowers of members, who are married at the time of retirement, receiving pension benefits from the Policemen’s Retirement Fund. One board member may be a person who has reached 18 years of age and of sound mine and (1) who is either a descendant or legal guardian of a current member, or (2) who holds power of attorney on behalf of the current member. For purposes of this section “descendant” means a person born in a direct biological line, stepchildren or adopted children. The Board of Trustees shall consist of a member of the Louisville/Jefferson County Metro Government Council ex officio to be appointed by the President of the Council and five elected trustees of the Fund, all of whom shall be elected by the members and widows and widowers of members pursuant to election procedures and policies to be established by the Board of Trustees. All terms of office shall be for a term of four years. The descendant, legal guardian or power of attorney who is elected to the Board of Trustees may continue to serve the remainder of their term s...
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