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Sun Sep 30, 2018, 05:51 PM

CERS Looks at Separating From Kentucky Retirement System

Separating the County Employees Retirement System from Kentucky Retirement Systems was debated at a meeting Monday of the Kentucky Retirement Systems Administrative Subcommittee.

Representatives from the Kentucky Association of Counties, Kentucky League of Cities, Kentucky School Boards Association, Kentucky Association of School Superintendents and Kentucky Professional Firefighters, all members of CERS, testified on behalf of the separation.

The CERS is the largest system within KRS, with 236,000 members and $13.9 billion in assets, said Bryanna Carroll, the Kentucky League of Cities manager of governmental affairs. Yet they lack proper representation, she said.

“Despite being the largest system with 75 percent of the money and 63 percent of the membership, CERS only has 35 percent representation on the KRS Board – six of the 17 members,” she said.

Read more: http://www.k105.com/2018/09/25/cers-looks-at-separating-from-kentucky-retirement-system/

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