Kentucky is reporting that losses to the state employee pension fund in recent stock market volatility weren’t as severe as first thought. The Kentucky Retirement Systems financial portfolio fell $500 million between June 30 and Aug. 9. Last week, KRS had calculated the losses for the period at $1.7 billion. That figure was inflated, according […]
The pension plan for state employees has lost $1.7 billion in recent weeks because of upheavals on Wall Street. The overall value of the pension plan fell from about $11.4 billion on July 1 to about $9.7 billion this week. Volatility in the financial markets has taken even larger tolls in some other states, including […]
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