Each member shall, by virtue of the payment of contributions to the fund or pick up of employee contributions by the employer pursuant to KRS § 65.155, receive a vested interest in such contributions, and in consideration of such vested interest, shall be conclusively deemed to undertake and agree to pay the same and to have the amounts deducted from his salary as herein provided, or to have such contributions picked up by the employer pursuant to KRS § 65.155.
Effective: July 15, 1982
History: Amended 1982 Ky. Acts ch. 166, sec. 54, effective July 15, 1982. — Created
1956 Ky. Acts ch. 16, sec. 27, effective July 1, 1956.