Finance and Administration Cabinet
Media advisory

FRANKFORT, Ky.—The investments subcommittee of the Kentucky Public Pension Working Group will meet on Wednesday, June 18, 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 the press

II. Introduction of Members, Chair

III. Legislative update, Sen. Dorsey Ridley

IV. Background presentation, Staff

V. Proposed Investment Consultant RFP, Chair

VI. Future meetings

VII. Other business

VIII. Adjournment

On May 29, 2008, Gov. Steve Beshear signed an executive order creating the Kentucky Public Pension Working Group. The working group has established five subcommittees to study investments; securities litigation; the County Employees Retirement System reorganization; state funding of the retirement systems; 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.

Members of the subcommittee are:

State Treasurer Todd Hollenbach, Chair; Sen. Dorsey Ridley; Agriculture Commissioner Richie Farmer; Secretary of State Trey Grayson; Adam Tosh, CFA, Chief Investment Officer, Kentucky Retirement Systems; Paul Yancey, CFA, Chief Investment Officer, Kentucky Teachers’ Retirement System (KTRS); Gary Harbin, Executive Secretary, KTRS; Mona Hall, Kentucky Education Association; Todd Lowe, CFA, founder and president of Parthenon LLC, Louisville, citizen member; Dianna Preece, CFA, U of L School of Business, Louisville, citizen member; Chris Posey, Managing Partner at Urban Development, Louisville, citizen member.

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