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City reports $1.18 million balance in police and fire pension fund; city contribution maintained
Summary
Finance staff reported the city’s policeman and firemen pension fund began 2024 with $1,114,560, recorded investment income and a $220,000 city contribution, ending the year with a balance of $1,178,967. The fund covers 11 participants.
Melissa Clayton presented the annual report on the Hopkinsville policeman and firemen pension fund as required under KRS 95.623, giving council the calendar-year 2024 financial summary.
Clayton said the fund began 2024 with $1,114,560. Investment revenue (interest and dividends) totaled $59,630. The city made an annual contribution of $220,000 in 2024 and paid benefits and…
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