CERS makes up 63% of the total membership in Kentucky Retirement Systems (KRS) and 73% of the assets. But only six seats have been given to CERS representatives on the KRS Board comprised of seventeen members, and CERS has no representation on the KRS investment board. CERS members and employees believe that this lack of representation could harm the future stability of the CERS system – a pension system within KRS that is neither in crisis nor weak.
Helping CERS Continue to Grow
The coalition supports the long-term stability of CERS through local control of local pensions. By separating CERS from KRS and
sustaining the CERS retirement plans, we ensure that the needs of CERS members will be met and that CERS will continue on its current path of growth for years to come. Separation with excessive changes is not ideal as unnecessary changes to the CERS structure create unnecessary risk for those who depend on these funds.
Supported by: Kentucky League of Cities, Kentucky Professional Firefighters IAFF, Kentucky Municipal Utilities Association, Kentucky Association of Counties, Kentucky School Boards Association, Kentucky Professional Firefighters Association, Kentucky Association of Chiefs of Police, Kentucky Fraternal Order of Police, Kentucky Magistrates and Commissioners Association, Kentucky County Judge/Executive Association, Kentucky Sheriff’s Association, Kentucky Association of Circuit Court Clerks, Kentucky Coroner’s Association, Kentucky Jailers Association, Kentucky Black Caucus of Local Elected Officials, Kentucky City/County Management Association, Kentucky County Clerks Association, Kentucky Government Finance Officers Association, Kentucky Municipal Clerks Association, Kentucky Occupational License Association, Kentucky Recreation and Park Society, Municipal Attorneys Association of Kentucky, Kentucky Association of Fire Chiefs, Kentucky Association of School Superintendents, Kentucky Education Association