Kentucky Public Pensions Lose 5.7% in Fiscal Year 2022
Despite the loss, the commonwealth’s pension funds just beat out their benchmark’s performance.
Despite the loss, the commonwealth’s pension funds just beat out their benchmark’s performance.
Ahead of an April 1 system overhaul, Steven Herbert has a ‘hundred actions’ he needs to perform.
The asset manager and former consultant is the sixth investment chief to head the fund in about 13 years. He starts Jan. 16.
At lowest funded US public pension fund, the same percentage of active worker payrolls will not net the same level of contributions as in the past.
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
Legislation creates new panel of trustees for County Employees Retirement System.
Opponents call bill ‘idiotic and irresponsible.’
Governor says report finding the state’s pensions among the worst funded confirms the urgency for reform.