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Kentucky Retirement Systems executive director postpones retirement

Signs contract through June 30, 2018

William A. (Bill) Thielen
William A. (Bill) Thielen

FRANKFORT, Ky. (Oct. 23, 2015) — Kentucky Retirement Systems (KRS) Board of Trustees announced today that William A. (Bill) Thielen has agreed to postpone his retirement and will continue to serve as executive director of Kentucky Retirement Systems (KRS).

Earlier this year, Thielen told the KRS Board that he planned to retire at the end of the 2015 calendar year. At a special meeting held today the KRS Board of Trustees approved contract of employment between KRS and Thielen which becomes effective on Dec. 1 and continues through June 30, 2018. Under the contract Thielen will be paid an annual salary of $215,000.

Thielen first joined the retirement systems staff in July 2006 as the organization’s Chief Operation Officer. He was named an interim executive director in April 2011 and was appointed executive director in August 2012.

“Thielen’s experience with KRS, including his extensive background with the Kentucky legislative process, makes this a much better option during these challenging times than bringing in a new, much less experienced KRS executive director,” said Thomas K. Elliott, chairman of the KRS Board of Trustees.