Improvement To KY Teachers’ Pension System

A report by Kentucky Auditor Mike Harmon shows the pension system for teachers is on more solid ground.Harmon says the financial statement audit of the Kentucky Teachers’ Retirement Systems shows that its fiduciary net position increased by some $600 million. The review shows the amount rose to $21.9 billion in the fiscal year that ended in June. The amount was $21.3 billion the prior fiscal year.

Source: MG News

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