KPPA Releases Investigative Report on Previous Investment Activities

FRANKFORT, KY – In response to an August 25, 2022 ruling in Franklin Circuit Court, the Kentucky Public Pensions Authority (KPPA) is releasing an investigative report on previous investment activities produced by Calcaterra Pollack LLC. The report is now available on the KPPA website here.

The Kentucky Retirement Systems (now Kentucky Public Pensions Authority) on November 23, 2020 entered into a contract with the law firm Calcaterra Pollack LLC to investigate certain investment activities that occurred a number of years ago at the Systems. The resulting report was forwarded to the Kentucky Attorney General’s Office.

New York-based Calcaterra Pollack was selected to conduct the investigation following a Request for Proposals that was approved by the state Finance and Administration Cabinet. The contract is available here on the Office of Procurement Services website.

The Calcaterra Pollack LLC report has been made public by KPPA in compliance with the Franklin Circuit Court ruling. KPPA does not comment on matters that could impact pending litigation, so we do not anticipate making any further statements at this time.

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The Kentucky Public Pensions Authority is responsible for the investment of funds and administration of pension and health insurance benefits for over 410,000 active and retired state and local government employees, state police officers, and nonteaching staff of local school boards and regional universities.

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