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.
Investment committee members are dialing up risk levels to meet return assumptions.
Legislation creates new panel of trustees for County Employees Retirement System.
State Supreme Court opinion says Seven Counties owes KRS contributions.
General Assembly, pension advocacy group, Democratic Party publicly respond via social media, local radio.
Coalition calls for less generous plans, but nixes switch to DC.
Special legislative session may begin in early November.