In a letter to the Executive Director of the Kentucky Retirement System (KRS), Kentucky Chamber President and CEO Dave Adkisson urged the KRS Board to swiftly and aggressively appeal the recent Court decision permitting quasi-government groups to flee the retirement system and leave taxpayers with the bill.
In the letter, Adkisson noted that Judge Lloyd’s decision would irreparably harm the pension system and taxpayers. Additionally, the decision would further threaten the solvency of the pension system and erode confidence in state government’s ability to pay its bills. Read the full letter here.
Today, the KRS board voted unanimously to appeal the decision. The Chamber commends them and supports this action and will be closely following the outcome of the appeals.