Pensions
Kentucky Governor’s Budget Plan Would Cut State Pension Contributions
State retirement system pegs the shortfall at $83 million, but Beshear says it’s $25 million.
Tag: Kentucky Retirement Systems
Research
Kentucky Analysis Dispels Myth of 401ks as Pension Saviors
Actuarial report finds moving to defined contribution plans would increase costs.
Regulation
Auditor Says Kentucky Pensions Not Compliant with Transparency Laws
KRS says the report is ‘highly flawed’ and ‘unfairly slammed’ its efforts.
Newsmakers
Kentucky Finally Passes a Pension Reform
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
Newsmakers
Kentucky House Narrowly Approves Gov.’s Pension Bill
Proposal is expected to pass in the Senate Wednesday.
Regulation
Kentucky Tries to Head Off Looming Pension Crisis
Gov. Matt Bevin asks special session of legislature this time to revamp quasi-government agencies’ retirement plans.
Newsmakers
Fund Managers Countersue Kentucky for ‘Wasteful’ Lawsuit
Blackstone and Prisma lawyer up to get their money back from ‘meritless’ case.
Newsmakers
New CIOs, Possible Teachers Pension Overhaul for Kentucky
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Manager Selection
Kentucky Pension System Seeks New CIO
The organization wants a permanent chief to replace David Peden, who left two years ago.
Manager Selection
Hedge Fund Tells Kentucky Pension to Take a Hike
Davidson Kempner Capital Management takes issue with state’s code of ethics.
Kentucky Group Sues Funds, Alleges ‘Black Box’ Investing Led to KRS Woes
Plaintiffs allege the retirement system should have stayed with more vanilla index investments.
Newsmakers
Kentucky Gov. Hints Tax Reform May Take Back Seat to Pension Issues
Tells WEKU he must “focus first on the pension issue.”
Research
Kentucky Employees Retirement System Reports Double-Digit Gains
The state’s main pension funds’ returns ranged from 12.5% to 13.81%.