I've been asked who I want to head the Kentucky Retirement Systems (KRS)?
I’m not campaigning for any individual.
I want an Executive Director that would bring transparency, integrity and professional competence to the job. There are only a handful of people in Kentucky with the credentials. Most did not apply because of the bad reputation of KRS. One was talked into applying but did not even make a first interview, because they had been critical of KRS in the past and were eliminated because the board feared they may uncover some of the problems and make them look bad.
KRS reputation nationally and with a lot of folks in Kentucky, is that all hiring decisions are based on cutting political deals and nothing to do with qualifications.
Asking a KRS board to bring in a reformer as Executive Director has about as much chance of succeeding as the General Assembly enacting ethics legislation that would control the behavior of the General Assembly.
The Board of Kentucky Retirement Systems needs to be cleaned up before you will ever get an effective Executive Director.
The two people that can clean up the retirement systems are Gov. Steve Beshear appointing knowledgeable people to the board, who will ask hard questions and Auditor Crit Luallen with an in-depth professional audit of KRS.
There is nothing like shining a bright light in the corner to make cockroaches run.
1 comment:
Hanes probably wasn't "qualified" to run the systems either. He was simply an attorney, that never truly practiced law that was in the right place at the right time, with the right connections. For that matter, Pam Johnson wasn't qualified, and probably the one before that. Hanes was simply a lobbyist for the baby boomer voting block. If you consider that the systems have only existed 50 odd years, and the first 25 or 30 were exceedingly easy to administer because of the time to accrue benefits. It kind of makes sense that it is all coming to a head now... the bottome line is they simply legislated too many enhancements, which was cool with everybody until the funding issue became news.
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