Placement Agents http://wkms.org en Retirement Official Says Pensions Systems Haven't Used Controversial Placement Agents Recently http://wkms.org/post/retirement-official-says-pensions-systems-havent-used-controversial-placement-agents-recently <p>After being heavily criticized for their use, Kentucky’s major pension program says it hasn't used a placement agent for three years.<br><br> Placement agents are investing middle men that direct pension funds to investment opportunities. Kentucky has not had a good track record with placement agents, who have been accused of mismanaging millions for the pension funds according to a 2011 audit. Thu, 13 Sep 2012 18:18:53 +0000 Kenny Colston (KPR) 22059 at http://wkms.org Retirement Official Says Pensions Systems Haven't Used Controversial Placement Agents Recently Placement Agents Under State Ethics Laws http://wkms.org/post/placement-agents-under-state-ethics-laws <p>Lawmakers have given final approval to legislation that would make placement agents involved in financial investments for Kentucky&#39;s pension program subject to the state&#39;s ethics laws.&nbsp; The legislation is an offshoot of a state audit that raised questions about the use of placement agents who advise the state about how to invest retirement funds for teachers and government workers.&nbsp; The House voted 94-0 Thursday for final passage.&nbsp; Democratic Rep. Fri, 30 Mar 2012 12:01:48 +0000 Todd Hatton 17456 at http://wkms.org