County Employees Retirement System Board of Trustees Regular Meeting
The Board of Trustees discussed various financial and administrative matters, including the review of actuarial assumptions, the finance committee report covering the fiscal year financial recap, and hazardous duty requests. Reports were presented on investment performance, including economic forecasts and asset allocation strategies, and the joint retiree health plan committee provided updates on Medicare and health insurance plans. The Board also addressed the renewal of the CERS attorney contract, amendments to board bylaws to formalize the Employer Audit Committee, updates to the securities trading policy, and received reports on CEO activities and KPPA initiatives. Finally, the Board entered a closed session to discuss pending litigation and later ratified new investment commitments to Valor Equity Partners Fund VII and Arctos Keystone Partners Fund I.
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County Employees Retirement System Investment Committee Regular Meeting
The committee held discussions covering private equity and credit landscapes, asset allocation and liability, year-end investment reporting, and the investment budget. Presentations were delivered on the capital markets overview, focusing on trends in equities, fixed income, inflation, and the impact of geopolitical situations on global oil flows and economic rates. The committee reviewed the quarterly investment performance, noting outperformance in real return and specialty credit, and discussed the strategic shift of public equity mandates. Additionally, the committee acted on private equity investment recommendations, including commitments to Valor Equity Partners Fund VII and Arctos Keystone Partners Fund I, and received updates on specialty credit, private equity positioning, and strategic asset allocation policy.
Jul 13, 2026·Board meeting
County Employees Retirement System Employer Audit Committee Special Meeting
The committee established a bimonthly cadence for future meetings. The discussion centered on the committee's origin regarding employer audits and the discrepancy between receipts and payroll. The members reviewed updated classification criteria for audit findings from the Auditor of Public Accounts to determine impacts on the retirement system. The committee also assessed the scale of necessary employer audits, noting that systemic reviews were previously lacking and emphasizing the importance of ensuring accurate contributions to the trust.
Jun 10, 2026·Board meeting
Kentucky Public Pensions Authority Audit Committee Meeting Minutes
The Audit Committee discussed several key items, including external audit updates regarding GASB 68 and 75, reports on potential disclosure breaches, and anonymous fraud tips received. The committee reviewed proposed updates to the Audit Committee Charter and the Division of Internal Audit Charter to align with national standards, ultimately tabling votes on these items for further information. Additionally, the committee accepted reports on the 2025-8 Inventory Observation, member benefit payment processes, and a review of the procurement process. Research regarding the Retirement Allowance Account was presented, confirming it functions as a fund balance rather than a separate bank or investment account. Finally, the committee received an update on the Office Space Utilization Project and reviewed independence statements for internal audit staff.
