City of Louisville v. Bd. of Ed. of Louisville

Opinion op the Court by

Stanley, Commissioner

Affirming.

This ease is a sequel of Board of Education of Louisville v. City of Louisville, 288 Ky. 656, 157 S. W. (2d) 337, construing the Teachers’ Retirement Act of 1938, Acts 1938, 1st Ex. Sess., c. 1, as amended in 1940, Acts 1940, c. 192, Section 4506b-l et seq., Statutes Supplements 1939, 1941, and its effect on the rights of teachers retired under provisions of Chapter 129 of the Acts of 1912, which established a pension system for the public schools of Louisville. The question here presented is whether the sum remaining in the sinking fund,…