KY AG: $227.5 million settlement for state pension systems - LEX 18

6 days ago · FRANKFORT, Ky. (LEX 18) — A long-running lawsuit with major hedge funds in regard to the state's pension systems has come to a settlement, Kentucky Attorney General …

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KY AG: $227.5 Million Settlement For State Pension Systems - LEX 18

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6 days ago · FRANKFORT, Ky. (LEX 18) — A long-running lawsuit with major hedge funds in regard to the state's pension systems has come to a settlement, Kentucky Attorney General …

lex18.com

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Attorney General Coleman Announces $227.5 Million Settlement …

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Attorney General Coleman Announces $227.5 Million Settlement for Kentucky Pension Systems Kevin Grout [email protected] 502-545-0690 700 Capitol Avenue, Suite 118 Frankfort KY …

kentucky.gov

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Coleman Announces $227.5M Settlement For Kentucky Pension …

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6 days ago · As a result of the settlement, the hedge funds KKR & Co., Prisma Capital Partners, The Blackstone Group and Pacific Alternative Asset Management agreed to pay $227.5 million …

wcluradio.com

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Kentucky, Hedge Fund Firms Reach $227M Settlement In Pension …

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6 days ago · After seven long and winding years of litigation targeting large hedge fund firms for allegedly mismanaging more than $1 billion of Kentucky’s retirement pension system, the …

lpm.org

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KY Pension System To Get $227.5M Under Hedge Fund Settlement ...

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6 days ago · Kentucky’s public pension system will collect $227.5 million from hedge fund managers to settle a complex mass of litigation if a Franklin Circuit Court judge approves at a …

kentucky.com

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KY State Pension System Agrees To Settle Long-running Lawsuit Over ...

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Jan 3, 2025 · Kentucky’s public pension system voted Friday to settle a long-running mess of litigation over claims that several hedge fund managers cheated it on up to $1.5 billion in …

kentucky.com

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Kentucky Reaches $227M Settlement For State Pension System

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Jan 8, 2025 · Kentucky reaches $227M settlement for state pension system. Jan 8, 2025 Jan 8, 2025 Updated 13 hrs ago; Facebook; Twitter; ... Louisville, KY 40203 Phone: 502-585-0811 …

wdrb.com

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KY AG: $227.5 Million Settlement For State Pension Systems

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A long-running lawsuit with major hedge funds in regard to the state's pension systems has come to a settlement, Kentucky Attorney General Russell Coleman announced on Wednesday. …

newsbreak.com

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KY State Pension System To Collect $227.5 Million Under

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5 days ago · PressReader. Catalog; For You; Lexington Herald-Leader. KY state pension system to collect $227.5 million under proposed hedge fund settlement 2025-01-10 - BY JOHN …

pressreader.com

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Kentucky Pension Mismanagement Lawsuit Settled For $227.5 Million

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5 days ago · Part of the $227.5 million set to be recovered by the state's pension funds include about $145 million in assets controlled by Prisma Capital, which did not immediately respond …

courier-journal.com

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Kentucky Attorney General Announces $227.5 Million Settlement …

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Jan 8, 2025 · The recovered funds will be distributed among three retirements funds FRANKFORT, Ky. (Jan. 8, 2025) – Kentucky Attorney General Russell Coleman has …

953wiki.com

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AG Coleman Announces $227.5 Million Settlement For Kentucky …

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Jan 8, 2025 · In News, State by OC Monitor Staff January 8, 2025 FRANKFORT, Ky. — Kentucky Attorney General Russell Coleman announced today the Commonwealth settle Get full access …

ocmonitor.com

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Covering Kentucky - LEX 18

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LEX 18 In-Depth. LEX 18 Investigates. ... Kentucky House votes 90-7 to lower state’s individual income tax rate. ... Covering Kentucky. KY AG: $227.5 million settlement for state pension …

lex18.com

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KY’s State Pension Fund Getting Better, But Only 24% Funded

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Nov 13, 2024 · As of June 30, the pension fund had an unfunded liability of $12.5 billion, down from $12.7 billion last year. About 48,500 state retirees drew a little over $1 billion a year in …

kentucky.com

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AG: Public Pension Settlement Worth $227 Million

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5 days ago · AG: Public pension settlement worth $227 million ... major hedge funds over the management of Kentucky pension systems, in which four hedge funds agreed to pay $227.5 …

state-journal.com

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Kentucky Reaches $227M Settlement For State Pension System

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Jan 8, 2025 · 18 ° Clear . Louisville ... Kentucky reaches $227M settlement for state pension system. Jan 8, 2025 25 mins ago; ... Louisville, KY 40203 Phone: 502-585-0811 Email: …

wdrb.com

FAQs about KY AG: $227.5 million settlement for state pension systems - LEX 18 Coupon?

Does Kentucky have a pension fund?

Kentucky Public Pensions Authority Apart from making the full annual recommended pension payments, the current two-year state budget includes hundreds of millions of dollars in extra money for the state pension funds to whittle away at their deficits. A rising stock market and strong economy also helped the pension funds. ...

Did Kentucky's primary pension fund end fiscal year 2024?

The Kentucky Retirement Systems Board of Trustees on Wednesday approved an actuarial valuation report showing that the primary state pension fund ended Fiscal Year 2024 on June 30 with a funding level of 24.8%, up from 22.2% last year. ...

Is Kentucky's 'non-hazardous' pension fund insolvent?

Though the situation may appear bleak, the $4.2 billion Kentucky Employees Retirement Systems (Non-Hazardous) pension fund gradually has risen from an all-time low of 12.9% funded in 2018, when it was on the brink of insolvency. ...

Is the Kentucky Employees Retirement System (non-hazardous) pension fund a bad idea?

The Kentucky Employees Retirement System (Non-Hazardous) pension fund remains one of the most impoverished public pension funds in the country, due to two decades of neglect by governors and legislators from both political parties. ...

Are Kentucky's public pensions funding levels improving?

“I think generally we have improved our funding level,” Ryan Barrow, executive director of the Kentucky Public Pensions Authority, told the Herald-Leader on Wednesday. “We’ve still got a long way to go until 2049, but we’re making progress.” ...

Does Kentucky have a good retirement system?

The state retirement system reported returns on its market investments of between 9% and 11% in 2024, roughly twice its assumed rates of return. “I think generally we have improved our funding level,” Ryan Barrow, executive director of the Kentucky Public Pensions Authority, told the Herald-Leader on Wednesday. ...