mike cherry

12:02am

Thu June 30, 2011
Statehouse News

Lawmakers Respond to KRS Audit

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.

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