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67A.380 Purpose of fund.

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67A.380 Purpose of fund. The purpose of the fund is to provide retirement annuities and disability benefits for the <br>members of the police and fire departments who become aged or otherwise incapacitated, <br>and widows' annuities and other benefits to the dependents of such members to the end <br>that such members may accumulate reserves for themselves and their dependents to meet, <br>without prejudice or hardship, the hazards of old age, disability, death, and termination of <br>service, thereby encouraging qualified personnel to enter and remain in the service of <br>such departments. Effective: July 1, 1974 <br>History: Created 1974 Ky. Acts ch. 106, sec. 3, effective July 1, 1974.