KRS Finally Admits $37 Million Currency Loss

Remember when we told you that Kentucky Retirement Systems suffered a $37 million currency loss? And no one else wanted to talk about it? Just swept it under the rug?

Funny how that works.

Now the KRS has quietly published those losses on its website.

You can see for yourself that Record Currency has a balance of negative $27 million in the pension funds and another negative $10 million balance in insurance funds.

So who on earth does the KRS owe this money to? An offshore entity? Record Currency? Who?

This, too, will be swept under the rug.