Creates Kentucky Retirement Systems Board of Directors
FRANKFORT, Ky. (June 17, 2016) — Gov. Matt Bevin continues to abolish boards and re-create them under new names with new some members. Today he announced the end of the Kentucky Retirement Systems Board of Trustees and the creation of the Kentucky Retirement Systems Board of Directors. The board oversees about $16 billion in assets for the pension and insurance benefits of state and local government retirees.
Bevin in April removed chairman Thomas K. Elliott—who was appointed to a four-year term in 2015 by Gov. Steve Beshear—from the board. Bevin cited a state law that says the governor can remove certain gubernatorial appointees for “any cause the governor deems sufficient.”
- William S. Cook — Cooke, of Louisville, retired from KKR Prisma in early 2015.
- David L. Harris — Harris, of Nicholasville, serves as a Sr. Partner and Shareholder of MCF Advisors, LLC
- Neil P. Ramsey — Ramsey, of Louisville, founded the business of Ramsey Financial, Inc., the parent company of RQSI, in 1986.
- John E. Chilton —Chilton, of Louisville, currently serves as the State Budget Director for Gov. Matt Bevin.
Other members from the Kentucky Retirement Systems Board of Trustees are: John R. Farris, chairman; David L. Eager, vice chairman; Mark W. Lattis; James A. Fulkerson; Randy K. Stevens; Joseph L. Hardesty; and Thomas B. Stephens, Secretary of the State Personnel Cabinet. Also six members will be designated by the County Employees Retirement System, the State Police Retirement System and the Kentucky Employee Retirement System.