Finance and Administration Cabinet
FRANKFORT, Ky.— The Governor’s Working Group on Pension Reform Subcommittee on State Funding will meet on Thursday, August 7, 2008 at 1:00 p.m. in Room 171 of the Capitol Annex.
I. Review of Subcommittee Mission—State Budget Director, Mary Lassiter
II. Timeline and Process for Committee Work/Report – Mary Lassiter
III. Overview of Funding Targets in HB 1 for KERS and SPRS—Bill Thielen, Chief Operations Officer, Kentucky Retirement Systems
IV. Review of Methodology for Calculating the Actuarially Required Contribution (ARC)—Tom Cavanaugh, Cavanaugh Macdonald Consulting, LLC
On May 29, 2008, Gov. Steve Beshear signed an executive order creating the Kentucky Public Pension Working Group. The working group has established six subcommittees to study investments; securities litigation; the County Employees Retirement System reorganization; state funding of the retirement systems; health care; and defined contributions.