§ 7.02. Pension system.

Latest version.

A.

There is hereby created a system of pension and/or retirement and/or benefits for elected officials and employees of Knox County Government.

B.

The intent of this Charter is to empower the Knox County Retirement and Pension Board (hereinafter sometimes referred to as the "Retirement Board") to design, adopt, administer and place into effect a financially sound retirement system and other benefits provided by ordinance.

C.

The Retirement Board shall not adopt a policy, plan, plan amendment or administrative action unless it is actuarially sound and is actuarially funded at the time of adoption.

                    
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