Police & Fire Pension Board Meeting

Summary

Meeting Overview

The Lexington-Fayette Urban County Government Police and Fire Retirement Fund Board convened on January 14, 2026, at 9:03 a.m. The meeting covered three agenda items, including two informational presentations — the CAVMAC Actuarial Report and the Treasurer's Report — as well as a New Business item that was approved by the Board. Over the course of the meeting, four votes were taken and one public comment was heard.

Votes and Decisions

The Board took four votes during the January 14, 2026 meeting, all of which passed by voice vote. No roll call votes were recorded, and individual vote counts are not available for any of the motions.

• City Contribution Rate 52:33: The Board voted to set the city's contribution rate at 51.24%. The motion was made by Chief. The motion passed by voice vote.

• Widow's Annuity Approvals 54:07: The Board voted to approve widow's annuities for Barbara Glass and Loretta Nave. The motion passed by voice vote.

• Child's Annuity Approval 55:08: The Board voted to approve a child's annuity for Joseph Hood. The motion passed by voice vote.

• January Disbursements 55:38: The Board voted to approve disbursements for January. The motion passed by voice vote.

All four motions were decided by voice vote with no recorded dissent. Mover and seconder information was not captured for the annuity and disbursement votes.

Public Comment

One member of the public addressed the Board during the public comment period at the January 14, 2026 meeting. 1:05:01

• Brock spoke on the topic of the Consumer Price Index (CPI) and its effect on cost of living adjustments (COLAs) for retirees. He expressed concern that many retirees are effectively losing money as a result of low cost of living adjustments that fail to keep pace with actual living expenses. Brock also noted his concern about the absence of legislative action to address this issue, suggesting that retirees are not receiving adequate relief through the current policy framework.

No other public comments were recorded during this meeting.

CAVMAC Actuarial Report

0:00

Mr. Green from CAVMAC presented the actuarial report based on the July 1, 2025 evaluation. The presentation covered the actuarial assumptions underlying the analysis, the fund's funding policies, and an assessment of the retirement fund's overall financial health.

The report was informational in nature, and no vote or formal action was taken as a result of the presentation.

*Note: Additional details regarding specific findings, funding ratios, assumption changes, or concerns raised during discussion are not available in the source materials for this agenda item.*

Treasurer's Report

53:04

Chad presented the Treasurer's Report to the Board. His presentation covered the financial reports for the period, highlighting a significant increase in the plan's value over the past month. The report was informational in nature, and no action or vote was required from the Board.

No additional concerns, debate, or discussion details are available from the meeting record for this agenda item.

New Business

54:31

The board discussed and acted on various matters related to annuities, disbursements, retirements, and disability applications. Ms. Combs was the key presenter during this portion of the meeting. The board approved the items brought forward under New Business.