Attorney General Andy Beshear says current retirement board is short in number of elected retirees

08/31/2016 05:06 PM

LOUISVILLE — Kentucky Attorney General Andy Beshear said that his lawsuit against Gov. Matt Bevin involving the makeup of the state of the Kentucky Retirement Systems’ board is not about politics, but rather the retirees having a seat at the table when it comes to how their pension dollars are managed.

Beshear, who made the comments at the FED UP! Overdose Awareness Rally in Louisville, said that it comes down to enforcing the law as far as the makeup on the board is concerned.

“Under law, that retirement board is supposed to be almost 50 percent of elected retirees,” Beshear said. “But with the changes that the governor has tried to make with the executive order, those elected retirees can be outvoted on any issue. They can even hold a meeting without them with the number of gubernatorial appointees. They can have a quorum.”

Beshear says he is trying to enforce the state Constitution and statutes, which were passed by the legislature.

Beshear says that current law states that retirees should make up nearly 50 percent of the board so they can have a real stake in the decisions that the board makes.

About Don Weber

Don Weber joined cn|2 when it launched back in May 2010 and soon became a reporter for Pure Politics. He is a graduate of Northern Kentucky University and has spent many years covering everything from politics to sports. Don says he loves meeting new people everyday as part of his job and also enjoys the fact that no two days are the same when he comes to work. Don Weber can be reached at donald.weber@twcnews.com.

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