kentucky retirement systems

Kentucky Retirement Systems (kyret.ky.gov)

Gov. Matt Bevin’s attorney says the office will appeal a judge’s ruling that temporarily blocks the governor’s removal of the former chair of one of the state’s pension boards.

J. Tyler Franklin/WFPL News

UPDATE: A Frankfort judge has blocked Governor Matt Bevin’s removal of the chair of the Kentucky Retirement Systems board, but he’s allowing the governor’s reorganization of that agency’s board of directors to remain.

Kentucky Retirement Systems (kyret.ky.gov)

  The past fiscal year was tough for Kentucky Retirement Systems with investments showing a total fund loss of .52 percent of a $14.9 billion dollar system.  According to KRS Executive Director William Thielan the group projected positive gains until Brexit hit Europe, affecting an already volatile market.

Ryland Barton, WFPL

The latest legal challenge against Gov. Matt Bevin had its first hearing Thursday — Attorney General Andy Beshear is attempting to join a lawsuit contesting Bevin’s reorganization of the Kentucky Retirement Systems board, which manages retirement funds for state workers.

Rob Canning

Attorney General Andy Beshear is suing Gov. Matt Bevin for abolishing and then reinstating the boards of trustees of both the University of Louisville and Kentucky Retirement Systems, the state agency that manages the pensions of most state employees.

Kentucky Retirement Systems (kyret.ky.gov)

Attorney General Andy Beshear says the Kentucky Retirement Systems board has violated the state Open Meetings Law. 

iStockPhoto

Seeking "a fresh start" Governor Matt Bevin is removing the chairman of the Kentucky Retirement Systems board of trustees. Bevin issued the executive order saying the board was opposed to transparency under the existing leadership. 

iStockPhoto

A top state pension executive told legislators on Wednesday that a bill requiring greater transparency of the pension systems for Kentucky’s public employees would be harmful to his agency.

Kentucky Retirement Systems (kyret.ky.gov)

  Already home to one of the most underfunded public pension plans in the nation, Kentucky Retirement Systems is losing further ground through its investment choices.

Rob Canning

Matt Bevin, the Republican candidate for governor, said he isn’t worried about the use of “alternative investments” by the state’s troubled pension system for public workers.

Alternative investments make up about 35 percent of the Kentucky Retirement Systems fund’s assets. Managers of alternative investments generally require high fees for overseeing assets invested with hedge funds, oil and gas leases, timberland and leveraged buyouts.

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