Oh, yes, it’s that time again. Time to discuss a couple Kentucky Retirement Systems hot messes.
First, there’s this:
The Illinois House adjourned Tuesday, the end of the lame-duck session, without passing any pension reform for the state with, in aggregate, the worst-funded pension plans in the country.
Illinois is now referred to as the worst-funded in aggregate. Because, obviously, the worst individual plan is KERS – a part of the KRS.
Now to the real issue: Is the KRS media strategy to copy Alabama? It sure seems like it.
Alabama just won the national championship in football, so they must be doing everything right. Right?
As we’ve mentioned in the past, KRS seeded Crestview Partners with $75 million shortly after Crestview gave placement agent Glen Sergeon $1.1 million.
- WCYN-FM – 102.3 – News/Talk (simulcast of WVLK-FM)
- WLTO – 102.5 – Rhythmic Contemporary Hit Radio
- WLXX – 92.9 – Country
- WVLK-FM – 101.5 – News/Talk
- WXZZ – 103.3 – Active Rock
- WVLK – 590 – News/Talk
Crestview also invested in Insight (Warning: External PDF Link).
Nothing to see here, move along.
Fun times for the Commonwealth. This is why Kentucky can’t have nice things.