Defining A Strategy to Fulfill Our Committments to Existing Employees and Retirees
Blue Ribbon Commission on Public Employees Retirement Systems
Both KRS and KTRS are funded by three sources: employee contributions calculated as a percentage of their annual pay, employer contributions originating from state and/or local appropriations provided in an enacted budget, and investment income. Actuaries have concluded that the assets of our retirement systems are insufficient to fund the stream of benefits already owed to existing employees and retirees. This work group will examine the state's financial liabilities and seek answers to the Governor's first question. How should the commonwealth fulfill its obligation to current employees and retirees?
Chair: Brad Cowgill, Former State Budget Director
Members
John "Jack" Adams - Kentucky State Police
David G. Dowell - Governor's Investments Appointee
John R. Hall - Governor's Business Executive Appointee
Andrew R. Jacobs - Governor's Fiduciary Appointee
Todd B. Lowe - Governor's Investments Appointee
Ronnie O'Nan - Kentucky Transportation Employees Assoc.
Shawn J. Ridley - Governor's Investments Appointee
Deborah Holland Tudor - Governor's Fiduciary Appointee