Says a lack of transparency at retirement agencies a concern
FRANKFORT, Ky. (Jan. 27, 2016) — Mike Harmon, Kentucky’s 47th Auditor of Public Accounts, on Tuesday discussed what’s ahead for the agency during a speech to members of the Kentucky Society of Certified Public Accounts (CPAs) in Frankfort.
“We have hundreds of thousands of Kentuckians, both retired and still working, who depend on and expect KRS and KTRS to honor the promise made to provide them with the retirement benefits they work so hard for,” Harmon told the group. “There has been a lack of transparency for too long at both retirement agencies, a fact recognized by Gov. Matt Bevin and legislative leaders like Senators Jimmy Higdon, Joe Bowen, and House Republican Floor Leader Jeff Hoover.”
Harmon discussed his decision to move forward with the examination of the U of L Foundation that started last year, and also future plans toward audits of the Kentucky Law Enforcement Program Fund, better known as KLEPF, and Kentucky’s public pension systems. While serving in the General Assembly, Harmon expressed concerns over a lack of transparency within the Kentucky Retirement Systems (KRS), and the Kentucky Teachers’ Retirement System (KTRS).
Harmon also discussed his transition to his new role a little over three weeks after officially being sworn in, and says he looks forward to the work ahead in 2016.
“In my opinion I believe our agency is the best in state government, thanks in large part to their hard work and dedication to leaving no stone unturned when it comes to seeking out and protecting the tax dollars of all Kentuckians,” he said.