Lexington City pension subcommittee adds CERS access issue to short-term list after members report recruits can’t withdraw prior funds

Members of the Lexington City pension subcommittee discussed cases on Monday in which police recruits and officers who previously paid into the County Employees Retirement System (CERS) say they cannot access those funds after becoming city employees.

The discussion centered on administrative limits and fees. "We have several police recruits and officers that, have paid into CERS from a previous employer, but they cannot access those funds because they're an employee of the city, even though they're not paying into serves pension," Speaker 3, a pension subcommittee member, said. Speaker 3 and others described attempts to withdraw or roll over those accounts as blocked by the retirement system; several members said dormancy fees are eroding account…