Kentucky Retirement Systems
Thielen to Continue as KRS Executive Director
Kentucky Retirement Systems (KRS) Board of Trustees announced today that William A. (Bill) Thielen has agreed to postpone his retirement and will continue to serve as Executive Director of Kentucky Retirement Systems (KRS). Earlier this year, Thielen told the KRS Board that he planned to retire at the end of the 2015 calendar year. At a special meeting held on October 23rd the KRS Board of Trustees approved a contract of employment between KRS and Thielen which becomes effective on December 1, 2015 and continues through June 30, 2018. Under the contract Thielen will be paid an annual salary of $215,000.
Thielen first joined the retirement systems staff in July 2006 as the organization’s Chief Operation Officer. He was named an interim Executive Director in April 2011 and was appointed Executive Director in August 2012. According to Thomas K. Elliott, Chairman of the KRS Board of Trustees, “Thielen’s experience with KRS, including his extensive background with the Kentucky legislative process, makes this a much better option during these challenging times than bringing in a new, much less experienced KRS Executive Director.”