Kentucky Retirement Sytems

Auditor Mike Harmon’s office audited the financial statement of the Kentucky Retirement Systems (KRS) for Fiscal Year 2018.

The audit details failures to resolve millions of dollars of employee overpayments, as well as the waiver by KRS of more than $100,000 in late payments. Auditor Harmon also found that KRS was not following generally accepted accounting principles in preparing their financial statements.

Official Report   Press Release