• :
  • Member Center
  • :
  • Make This Your Home Page
  • :
  • Special Offers
 whas11.com  Web  


Advertising


JUST POSTED


Living Healthy
HomeCenter
JobNews
Find a job
Post a job
Buy/Sell
WHAS11.com Garage Sale
Browse our free classifieds
Autos
Find a used car
Build a new car
Find a dealer
Sell your car
Comments | Recommended

Gov. Steve Beshear calls for changes in pension

11:03 AM EST on Friday, November 21, 2008

LEXINGTON, Ky. (AP) -- Gov. Steve Beshear is calling for changes in the way the state pension plans invest funds.

The Lexington Herald-Leader reported Beshear wants more people with investment experience added to the state’s pension boards.

The decision came after an independent revue concluded the Kentucky Retirement Systems and the Kentucky Teachers’ Retirement System lost a combined $5 billion in the last decade by not diversifying investments.

The report by a consulting firm said both pensions have sufficient funds to cover current retirees, but could fall short in future years.

Information from: Lexington Herald-Leader, http://www.kentucky.com (Copyright 2008 by The Associated Press.  All Rights Reserved.)

APTV-11-21-08 0750EST