Pensions

Recent Stories

State Pension System Picks Up $50,000 Tab To Sue Bevin

A decision by Kentucky Retirement Systems to pay the legal fees of its former chairman as he sues Gov. Matt Bevin is drawing sharp criticism from the governor’s office. KRS, which manages pensions for state workers, is paying Louisville banker Tommy Elliott’s $50,000 legal bill from the lawsuit he filed against Bevin after he removed Elliott from the agency’s Board of Trustees. The suit was filed June 17 and was joined by KRS trustee Mary Helen Peter. The legal bills were obtained by the Kentucky Center for Investigative Reporting through a public records request to KRS. The reimbursement, ultimately borne by KRS’ roughly 355,000 pension holders, drew a rebuke from the Bevin administration. Continue Reading →

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State Legislator Proposes Kentucky Pension Transparency Changes

In response to the Kentucky state pension plan’s willingness to pay hefty fees for billions of dollars in investments it can’t publicly disclose, one state representative said Thursday he is introducing a bill to make pensions subject to state open-access laws. Continue Reading →

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Kentucky Retirement Systems to Provide More Detail on ‘Alternative’ Investments

Kentucky Retirement Systems, which runs the $16 billion pension and health care funds for state, city and county workers and retirees, will be providing more detail about the fees it pays to the managers of its so-called “alternative” investments. Continue Reading →

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