Judge keeps new Kentucky state pension board in place
Source: Reuters
Kentucky's financially struggling pension system will move forward with an expanded governing board after a judge late on Monday temporarily ruled in favor of a reorganization ordered by Governor Matt Bevin.
But Franklin Circuit Court Judge Phillip Shepherd also ruled the governor erred in removing Thomas Elliott from the board, where he had served as its chairman.
Elliott, along with Kentucky Attorney General Andy Beshear, sued Bevin, asking the judge to temporarily block the governor's executive orders related to the pension system, pending a final decision by the court. No date was given for when a final ruling would be made.
The judge said that while Beshear raised "important and legitimate questions about the validity of the governor's reorganization of the board," the executive orders caused "no irreparable harm."
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/us-kentucky-pensions-idUSKCN10Y1W0
RETIREMENT NEWS | Tue Aug 23, 2016 1:43pm EDT
