Pension Legislation You Will Probably Never See…

Wondering about the types of pension reform legislation you will probably never see in Kentucky?

Here you go:

  • A bill requiring all pension benefits to be disclosed like public salaries
  • A bill allowing CERS to operate independently from Kentucky Retirement Systems
  • A bill requiring any expenditure over $25,000 per year at retirement systems to use an RFP
  • A bill banning placement agents in retirement systems
  • A bill requiring investment experts at KRS and KTRS to list their qualifications and sign documentation stating that they are an investment expert
  • A bill banning lobbyists as KRS board members
  • A bill requiring full fee disclosure of investments

That’s just scratching the surface.