KRS

Government
4:21 pm
Wed June 25, 2014

Seven Counties Ruling Could Cost Pension System $2.4 Billion

Kentucky’s mounting pension troubles could get worse as the state plans to appeal a court ruling requiring certain quasi-governmental agencies be liable for pension debt.  

Last year, Seven Counties Services, a mental health nonprofit that contracts with state government, filed for bankruptcy over its pension debt.

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Government
11:18 am
Fri June 13, 2014

KY Utilities Now Required to Notify Customers, Cities When Increasing Rates

Kentucky State Capitol
Credit Wikimedia Commons

A new state law requires utility companies to notify customers and county and city commissions when increasing their rates.

Joint Sewer Agency Director John Hodges says KRS 65A also means the districts permitted to tax residents will have to publicly notify those residents and the commissions the utility serves.

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Government
6:28 am
Wed June 4, 2014

Kentucky City Sues State Pension System Over Risky Investments

Credit wikipedia.com

A Kentucky city is suing the state's public pension system over its investment of county employees' retirement money into "risky" hedge funds. 

An attorney for Ft. Wright, a northern Kentucky city of 5,700, filed a class-action lawsuit Monday alleging that Kentucky Retirement Systems improperly used money from one of its subsidiary funds to make investments that were illegal under state law.

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Pensions
6:21 am
Tue May 6, 2014

Why One Kentucky State Pension is Outperforming the Other

Credit Wikimedia Commons

It was the best of pensions, it was the worst of pensions.

In 2013, the $14.5 billion Kentucky Retirement Systems' investment portfolio drastically underperformed its cousin—the Kentucky Teachers Retirement System—by about $1 billion.

Moreover, last year the KRS underperformed the average public pension's investment plan by about $500 million.

What's the difference?

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Government
3:27 pm
Tue January 28, 2014

Marshall County Candidate for Retirement System Trustee Wants to Ensure Efficient Management

A Kentucky Transportation Cabinet retiree from Marshall County is on the ballot for the state pension system’s Board of Trustees.

Peter Wolff says he’s concerned about the Kentucky Employees Retirement System.

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