|
Governor Steve Beshear's Communications Office
Governor Beshear Responds to Audit of Kentucky Retirement Systems
FRANKFORT, Ky.—“Last August, I asked the Auditor of Public Accounts to conduct this audit because of my concerns regarding the management and accountability of the retirement system. I am pleased that she found that the substantial investments that support city, county, and state employees as well as thousands of retirees are secure.
However, as I suspected, there are improvements which can and should be made to this system. The Auditor's recommendations to improve transparency and accountability are well-reasoned and should be implemented quickly to assure the hundreds of thousands of Kentuckians who depend on this system that their retirement funds are handled in a wise and ethical manner.
I am encouraged that the new Board chair has already agreed with the audit's findings and has begun implementing many of the audit's recommendations.
My ultimate objective for the system continues to be the protection and satisfactory growth of the funds for the benefit of hundreds of thousands of current and retired public employees."
###
|