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Entries Tagged as 'Uncategorized'

2014 Golden Poo Awards – New Beginnings: Day 3

July 2nd, 2014 · 11 Comments

It’s day three! Be sure you cast your vote for previous (s)categories! Day 1 — For the Candidate Who Campaigned for Something and Was Counted On to Bring It…. But Couldn’t Produce Shit When the Pressure Was On Day 2 — Worst Example Of Total Incompetence From A Local Or State Official In honor of [...]

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Tags: Contest · FEAR! · Giving Back · Uncategorized

Latest KRS Move By Gov. Beshear Is Unsettling

April 17th, 2014 · 3 Comments

If you missed it, as most did, Kentucky Retirement Systems added a new board member: KRS welcomes Randy K. Stevens, who has been appointed by Governor Steve Beshear to serve on the Kentucky Retirement Systems Board of Trustees . He currently works as the District Manager for Trimble Water District #1 located in Bedford, Kentucky. [...]

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Tags: Uncategorized

KRS Messes Impact More Than You Realize

February 6th, 2014 · Comments Off

There are tons of entities (thousands?) under the Kentucky Retirement Systems umbrella. We’ve written about it so many times the past several years that your eyes are now glazing over. But let’s just take a moment to glance at some of those CERS agencies: Airport Boards Ambulance Services Area Development Districts Boards of Education Cities [...]

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Tags: Uncategorized

Let’s Finally Air Out Some Awful Things Today

January 8th, 2014 · Comments Off

To those who can’t stop spamming us with the nasty things human poop stain Joe Sonka has to say about me (Jake): Stop. And if you’re sensitive, stop reading now because this will be difficult for you to swallow. I’ve been polite and refused to lash out because my personal life is nobody’s business. Until [...]

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Tags: Uncategorized

Will Alison Pull A Jack Conway In 2014???

September 12th, 2013 · 4 Comments

Alison Grimes has time for this B.S.? But no time to actually address the obscene sexual harassment mess her close friends are responsible for in Frankfort? Right. Meet your Democratic candidate. She’s turned into as much of a hack as the Republican. Democrats complaining that it’s terrible for us to call out a Democrat in [...]

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Tags: Uncategorized

Might Why KRS Has No Investment Experts

September 3rd, 2013 · Comments Off

You already know (because we wrote about it for a billion years) that the board at Kentucky Retirement Systems has no real investment experts. You likely already know that the staff is essentially devoid of an expert. You definitely already know that the CIO asked for a monstrous salary increase and bonus despite a disastrous [...]

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Tags: Uncategorized

CERS On Its Own Is More Efficient Than KRS

March 7th, 2013 · Comments Off

Kentucky Retirement Systems has more than 250 employees. CERS is paying for probably 200 of them, while it could probably run its own fund with less than a quarter the staff. Think it’s not possible? Looks like it is: A staff of eight people at a Police and Fire Retirement System administering benefits for more [...]

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Tags: Uncategorized

Placement Agents Are A Real Pension Problem

February 22nd, 2013 · Comments Off

Yesterday we pointed out that New York banned placement agents and that Frankfort is sitting on its hands. There’s more from that report (Warning: External PDF Link), though: Pg.23-24 Keith Johnson, chair of the Institutional Investors Group at the law firm of Reinhart, Boerner, Van Deuren s.c., supported by his team of investment and fiduciary [...]

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Tags: Uncategorized

Daily Dose Of KRS-Related Disaster Zone Tidbits

January 15th, 2013 · Comments Off

Maybe the feds will come bail Kentucky Retirement Systems out? Take a look at this. Kentucky is number four on this list of states that are tax-friendly for retirees. That means the Commonwealth has the fourth-lowest tax rate for retirees. You already know about the school insurance disaster. But it sure smells a lot like [...]

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Tags: Uncategorized

John Yarmuth: Provide Middle Class Certainty Now

November 29th, 2012 · Comments Off

Yesterday John Yarmuth took to the floor of the U.S. House to call for middle class certainty:

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Tags: Uncategorized