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Edit Business | Kentucky Retirement Systems
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About This is the official page of the Kentucky Retirement Systems (KRS). Currently, KRS serves over 372,000 active, inactive and retired members and administers approximately $16.7 billion in assets. Story The Kentucky Employees Retirement System (KERS) was created in 1956 by the Kentucky General Assembly in order to supplement the benefits provided by Social Security. When the first actuarial valuation was completed June 30, 1957, there were 16,000 employees participating in KERS and assets of $2.8 million. The State Police Retirement System (SPRS) and County Employees Retirement System (CERS) were established in 1958. The first actuarial valuation of SPRS was conducted June 30, 1959. No actuarial valuation of CERS was conducted until June 30, 1960 because the statutes did not authorize retirements from the system prior to July 1, 1960. On June 30, 1960, there were 68 counties and 2,617 employees participating in CERS, and SPRS included 415 uniformed state troopers. Currently, KRS serves over 364,000 active, inactive and retired members in the combined systems, and administers approximately $15.1 billion in assets. Mission Our Six Mandates 1. Strive for appropriate funding for all plans. 2. Provide members with efficient access to information and helpful counseling to meet their individual needs. 3. Manage the assets in accordance with each plan's needs while adding value to a passive portfolio. 4. Communicate effectively with all constituents, while ensuring appropriate transparency. 5. Maintain a work environment that promotes employee effectiveness, morale, and retention. 6. Insist on a culture of continuous enhancement to everything we do.
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