Kentucky Retirement Systems

Kentucky Treasurer Allison Ball filed legal papers today to overturn the state pension system’s payment of $50,000 to cover the cost of its ousted…

A decision by Kentucky Retirement Systems to pay the legal fees of its former chairman as he sues Gov. Matt Bevin is drawing sharp criticism from the…

State retirees and a member of the state Senate leadership are voicing sharp displeasure with a 25 percent raise given last Friday to the top official of the financially struggling Kentucky Retirement Systems.

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.

Independent candidate for governor says KRS’ alternative investments require more transparency, public accountability.

Following media reports last year, Kentucky Retirement Systems promised more disclosure. Now, the pension plan for public employees is reporting its annual investment expenses are running 75 percent higher than reported in previous years.

The former manager of a New York investment fund holding $24 million for Kentucky Retirement Systems has pleaded guilty to charges that he looted $9.3 million from the fund and falsified its financial records.

Just as the Kentucky Center for Investigative Reporting learned eight months ago, a Louisville high school teacher has been told that financial details about his state-funded retirement plan are secret and can’t be disclosed.

In response to the Kentucky state pension plan’s willingness to pay hefty fees for billions of dollars in investments it can’t publicly disclose, one state representative said Thursday he is introducing a bill to make pensions subject to state open-access laws.

Kentucky Retirement Systems, which runs the $16 billion pension and health care funds for state, city and county workers and retirees, will be providing more detail about the fees it pays to the managers of its so-called “alternative” investments.