The Kentucky general assembly is about a third of the way through the 2014 session. As is the case in most Kentucky legislative sessions, a great deal of the voting comes in the later weeks and days. For instance, no votes occurred in either house Friday morning and both the House and Senate were in session for less than an hour.
Lawmakers are promising legislation addressing issues raised in a state audit of the Kentucky Retirement Systems. The 118-page audit made 92 recommendations for strengthening Board of Trustees’ oversight and governance of the Kentucky Retirement Systems. The board manages investments of nearly $13 billion for 300,000 active and retired state workers. State Auditor Crit Luallen says the audit primarily focused on the use of placement agents, which she defined for House and Senate State Government Committee members.