Hit to Pension Fund Not as Severe as Expected

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… Continue reading Hit to Pension Fund Not as Severe as Expected

Market Swings Cost State Pension $1.7 Billion

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… Continue reading Market Swings Cost State Pension $1.7 Billion