Police & Fire Pension Board Meeting

Summary

Meeting Overview

The Lexington-Fayette Urban County Government Police and Fire Retirement Fund Board held a meeting on July 8, 2026, at 9:00 a.m. The board addressed 13 agenda items, including financial reports, benefit approvals, and policy updates. The board took 11 votes during the meeting and received no public comments.

Key actions included approval of a proclamation for Chad Hancock, minutes from the previous meeting, and a military service purchase for William West. The board also approved a widow's annuity for Janice Spawn, updates to the Rules and Regulations, and July disbursements. Additionally, the board approved service retirements, disability applications, and medical reports for Derek. The board received an informational Treasurer's Report and heard tributes. The meeting concluded with approval of an Experience Study and Financial Training.

Votes and Decisions

The Board approved eleven motions by voice vote during the July 8, 2026 meeting:

• Treasurer's report and June transfer letter — Approved 3:50

• May meeting minutes with corrections — Approved 9:22

• Military purchase for William West — Approved 9:52

• Widow's annuity for Janice Spawn — Approved 10:24

• Update to rules and regulations regarding pension payment details — Approved 10:55

• July disbursements — Approved 12:01

• Service retirements for Captain McHale Johnson and Justin Mayett — Approved 12:33

• Disability applications referral to doctors for Scott Marshall, Brian Moscow, Mark Rogers, and Adam Cheryl — Approved 13:38

• Medical reports for Derek — Approved 14:09

• Experience study to be performed one year earlier than normally scheduled — Approved, seconded by Commissioner Hensley 19:58

• Financial training to be provided at the August meeting — Approved 21:32

All motions passed by voice vote with no recorded dissenting votes or abstentions.

Treasurer's Report

Chad Hancock presented the treasurer's report to the Board on July 8, 2026 2:17. The presentation covered fiduciary net assets and fund reconciliation matters.

Key Findings

The fund balance as of the meeting date was $1,135,263,636.09.

Outcome

This item was presented for informational purposes.

Proclamation for Chad Hancock

A proclamation was read during the meeting declaring July 8th, 2026 as Chad Hancock Day in Lexington. The proclamation honored Chad Hancock's 25 years of service to the community.

The item was approved by the Board. 5:04

Minutes Approval

The Board approved the minutes from May with one correction. 8:48

The correction was made on page 2 of the minutes document. The minutes were subsequently approved following this amendment.

Military Purchase for William West

A resolution regarding a military purchase for William West was presented to the Board for consideration 9:52.

The Board reviewed the proposal and voted to approve the military purchase for William West. The resolution passed without noted objections.

Widow's Annuity for Janice Spawn

The Board considered and approved a resolution regarding a widow's annuity for Janice Spawn 10:24.

The item was presented for approval without recorded discussion or debate in the available transcript materials. The Board voted to approve the widow's annuity for Janice Spawn.

Outcome: Approved

Rules and Regulations Update

10:24

The Board considered an update to the rules and regulations to clarify pension payment details. The resolution was approved.

Disbursements for July

The Board considered approval of disbursements for July at 12:01.

The resolution to approve July disbursements was presented to the Board. The item was approved.

Service Retirements

The Board approved service retirements for Captain McHale Johnson and Justin Mayett 12:33.

The resolution was presented for approval without recorded discussion or debate. The Board voted to approve the retirements, which was the stated outcome of the agenda item.

Disability Applications

The Board approved sending disability applications to doctors for four individuals: Scott Marshall, Brian Moscow, Mark Rogers, and Adam Cheryl. 13:38

The resolution was approved as presented.

Medical Reports for Derek

The Board considered approval of medical reports for Derek at approximately 14 minutes and 9 seconds into the meeting.

The medical reports were presented for Board approval. The item was resolved with an approval outcome.

Tributes

During the Board meeting on July 8, 2026, tributes were presented to honor individuals who had passed away. 14:39

Chief Wells and Chief Weathers delivered remarks acknowledging the service and contributions of the deceased and offering condolences to their families. The tributes served as an informational agenda item recognizing those who had passed.

Experience Study

The Board considered a motion to perform the experience study one year earlier than the normal schedule. 19:58

Mr. Puckett presented the item, explaining that the early timing was necessary to account for recent legislative changes that needed to be reflected in the study.

The motion was approved by the Board.

Financial Training

Commissioner Hensley brought forward a motion to provide financial training at the August meeting to improve board members' understanding of the fund's operations. 21:32

The motion was approved by the board.