Finance and Administration Cabinet
FRANKFORT, Ky.— The Securities Litigation subcommittee of the Kentucky Public Pension Working Group will meet on Tuesday, July 8, 2008 at 1:30 p.m. in Room 125 of the Capitol Annex, Frankfort.
I. Call to Order, Chairman, Jack Conway, Attorney General
B. Notification of the press
II. Introduction of the Members, Chair
III. Background presentation, Staff
IV. Presentation of current KRS & KTRS securities litigation plans, Mr. Wampler and Mr. Barnes
V. Discuss and identify issues to be addressed by the subcommittee and methodology for gathering information.
VI. Schedule Future meetings
VII. Other business
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 contribution plans.
The mission of the securities litigation subcommittee is to conduct a review of securities litigation plans and procedures in use by Kentucky’s public pension systems; and identify ways to limit exposure to the risk of loss due to securities fraud and recommend litigation strategies to maximize recoveries for the pension systems when such losses occur.
Members of the subcommittee are: Attorney General Jack Conway, Chair; Ellen Hesen, Counsel to the Governor; Eric Wampler, General Counsel, KRS; Robert (Beau) Barnes, General Counsel, KTRS; Mary Ruble, Attorney, Kentucky Education Association; Elise Mohon, KEA; and Martha Moore, KEA.