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Lexington Police and Fire Retirement Board approves treasurer report, several retirements and disability referrals; mourns multiple retirees
Summary
The Lexington-Fayette Urban County Government Police and Fire Retirement Fund Board met Oct. 8 and accepted the treasurer—s report and transfer authorization letter, approved routine disbursements and minutes, authorized a widow—s annuity for Virginia Phillips and moved two disability applications to medical review.
The Lexington-Fayette Urban County Government Police and Fire Retirement Fund Board met Oct. 8 and accepted the treasurer—s report and transfer authorization letter, approved routine disbursements and minutes, authorized a widow—s annuity for Virginia Phillips and moved two disability applications to medical review, the board said.
The treasurer reported the fund—s value as $1,050,970,512.89 as of the morning before the meeting, compared with $1,042,500,906.18 the prior month. Board members voted to accept the report and the accompanying transfer authorization letter.
Why it matters: the board manages retirement benefits for Lexington police and fire retirees and active members. Regular approvals of transfers, disbursements and disability referrals determine benefit flows…
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