Police & Fire Retirement Fund board approves routine benefit actions, accepts treasurer—s report

The Lexington Fayette Urban County Government Police and Fire Retirement Fund Board on Aug. 13 approved a series of routine administrative items, including retirements, widow—s annuities, disbursements and minutes, and accepted the monthly treasurer—s report.

The measures were presented during the board—s regular meeting at which trustees also heard an extended presentation from Callan Associates about the fund—s asset-liability study and international-equity structure (see separate story). The board handled the routine administrative items by voice vote; formal tallies were not given on the record for most items.

Board action highlights

- Motion to rearrange the agenda to move Callan presentations to the end: moved by Commissioner Hensley; seconded by Commissioner Armstrong; approved by voice vote. No roll-call tally recorded.

- Treasurer—s report: trustees were told the payroll accrual made June effectively a three-payroll month and that no transfer would be executed for June; the next transfer to cover payroll was described as expected in September to cover July and August. The treasurer reported an investment account balance of $1,023,230,229.84 (compared with $1,014,440,445.36 the previous month). The board voted to accept the balance; the approval was by voice vote and the transfer letter was expected to be considered the following month.

- Minutes: The board approved the minutes from the July meeting by voice vote.

- New-business benefit approvals: The board approved the following by voice vote: - Military time credit for Jackson Damron (motion to approve moved and seconded during the meeting). - Widow—s annuities for Lyda Rogers and Leslie Christman (motion moved and seconded). - Disbursements for August (approved by voice vote).

- Service retirements (approved by voice vote): - Officer Christopher Buzzard, Division of Police, service retirement effective Aug. 8, 2025. - Officer Adam Raider (Rader), Division of Police, service retirement effective Aug. 9, 2025. - Firefighter Eddie Raymond, Division of Fire, service retirement effective Aug. 9, 2025.

- Disabilities: The board voted to approve the disability recommendation for Jacob Webster (Division of Police); the medical reports had been completed and distributed and trustees approved setting the appropriate rate.

- Tributes: The board recorded tributes to four recently deceased department members—Frederick Rogers (Division of Police, died 07/13/2025), Jeff Cornett (Division of Police, died 07/22/2025), Dan Daniel Vincent (Division of Fire, died 07/25/2025) and Robert Christman (Division of Fire, died 07/27/2025). Tributes were offered by multiple board members and department representatives; this agenda item was ceremonial and not a formal vote.

What trustees said and next steps

Board discussion on the routine items was brief and largely procedural. Trustees asked for the same balance report at the next meeting and thanked retiring members and the families of the deceased for their service. The treasurer indicated the payroll accrual will be handled in the September transfer that will cover July and August payrolls.

Votes at a glance: most items were approved by voice vote; explicit roll-call tallies were not provided in the meeting transcript for the routine benefit items.

Ending

The board completed these administrative and benefit approvals during the morning portion of its meeting and proceeded to a longer presentation on the asset-liability study and manager structure. The board adjourned after the full agenda was completed.