So… that rumored report about Kentucky Retirement Systems we mentioned yesterday?
Turns out that all hell really is breaking loose in Frankfort this week.
The past couple years we’ve spent discussing the KRS here will likely have been in vain. Primarily because Frankfort does not care about doing the right thing.
But it looks like we were spot-on when it came to our concerns that the state auditor’s KRS/placement agent shenanigans were a literal whitewash.
You’ll want to read the rest and download the report by CLICKING HERE…
1 response so far ↓
1 curtis morrison // Mar 15, 2012 at 7:50 pm
What’s most upsetting about this report is that Rep. Cherry’s HB300, which was supposed to fix these problems, doesn’t prohibit placement agents or their fees, it just requires smiley face disclosures.
So it’s okay for KRS, public employees, and ultimately Kentucky taxpayers to be screwed, as long as everyone can find out for how much we were screwed and by whom? What I continue to be at a failure to understand is why people continue to seek to enrich themselves in the public sector.
I’m not saying there’s anything necessarily wrong with the pursuit of money, but if that’s your gig, stay away from our government.
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