Governor starts process for comprehensive audits of Kentucky’s pension systems
After the 2016 General Assembly and governor secured funding in the state budget for audits of Kentucky’s three retirement systems, Gov. Matt Bevin has initiated…
Pensions
Arrest of ousted board chair threatened and retirement of executive director announced at board meeting of ailing pension system
A meeting of the Kentucky Retirement System (KRS) Board of Trustees kicked off Thursday with an a claim by the KRS executive director that the…
Bevin appointee declines spot on pension board after attorney general opinion
Dr. William F. Smith, the man named by Gov. Matt Bevin to chair the Kentucky Retirement Systems board, said Tuesday that he has decided to decline the…
Productive legislative session results in “politically and financially responsible” budget, Chamber president says
CORRECTION: Due to an internal miscalculation of the state’s final budget numbers, Kentucky President and CEO Dave Adkisson stated in the recent KET interview that…
Pension systems detail positive impact of new two-year budget, shortfalls still expected
Additional funding put toward the state’s retirement systems in the two-year budget passed by the legislature will save the systems from having to sell off…
Board chairman of ailing pension system removed by Bevin
Gov. Matt Bevin took executive action Wednesday to remove the chairman of the woefully underfunded Kentucky Retirement System’s (KRS) board of trustees citing the need…
Budget compromise easily passes House and Senate on final day
UPDATE: The Kentucky state House of Representatives and state Senate voted Friday to pass the compromise reached on the state’s next two year budget. A…
“Super transparency” bill introduced and passed out of Senate, moves to House
Legislation dubbed the “super transparency” bill which includes committee substitutes containing language of three bills to bring oversight and accountability to multiple areas of government…
State budget deal reached, Chamber says pension funding should send positive signal to Wall Street
After many hours behind closed doors working to hammer out specifics of the state’s next two-year budget, legislative leaders reached a deal at around 3…
What to expect on the final day of 2016 session
After squabbles over the state’s next two-year budget continued over the weekend, legislative leaders have agreed to move the last legislative day of the 2016…