Finance and Administration Cabinet
Media advisory

FRANKFORT, Ky.—The investments subcommittee of the Kentucky Public Pension Working Group will meet on Wednesday, July 23, 2008 at 10:00 a.m. in Room 129 of the Capitol Annex, Frankfort.

AGENDA

              I.      Call to Order—Chairman, Todd Hollenbach, State Treasurer

a.      Quorum

b.      Notification of Press

            II.      Old  business—Staff

          III.      Kentucky Retirement Systems Presentation—Adam Tosh, Chief Investment Officer, KRS

          IV.      Kentucky Teachers’ Retirement System Presentation—Paul Yancey, Chief Investment Officer, KTRS

            V.      Introduction of investment consultant—Hammond Associates

          VI.      Other business—Chairman  

        VII.      Adjournment--Chairman

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.

The mission of the investments subcommittee is to conduct a comprehensive operational and governance review of fiduciary duties and the investments of the state-administered retirement systems and examine and recommend appropriate investment benchmark policies and portfolio strategies based on investment returns and asset allocations of comparable public pension plans and systems.

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