The $12.3 billion Kentucky Retirement Systems is looking for a new chief investment officer.
The Bluegrass State’s pension program issued a request for proposal contract to replace David Peden, who departed in January 2017. Rich Robben, who has been deputy CIO and director of fixed income, has served as interim CIO since Peden left.
Kentucky Retirement Systems is 39.12% funded, according to the aggregate funding levels of each plan, noted in the 2017 comprehensive annual financial report. The system houses five funds, which include pension plans for state government employees, county workers, and state police.
The proposal is available on Kentucky’s purchasing website, which one must register an account to access. The application deadline is November 16, and the decision date is dependent on the volume and quality of the applicants.