Guest columnist: KRS offers troubling excuse for lack of transparency on investment contracts

Submitted by NFOIC on Mon, 09/09/2019 - 10:00am

It is deeply disturbing that a public agency — whose compliance with state transparency laws is found by the Kentucky Auditor of Public Accounts to fall “drastically short” — concludes its response to the auditor’s examination with the statement that it “compl[ies] with all governing statutes to the extent possible.”

This is how the Kentucky Retirement Systems responded to Auditor Mike Harmon’s special examination. Make no mistake: It is an admission of noncompliance. External forces, the statement suggests, prevent it from fully complying. (Read more here...)