Printed from:

Welcome to Columbia Magazine  

KRS Systems investments earn $1.4B in FY2018

Kentucky Retirement Systems investments earn more than $1.4 billion in Fiscal Year Ended June 30, 2018. Gains Realized In All KERS, CERS, and SPRS Pension and Insurance Funds

By David Eager

Frankfort, KY - Kentucky Retirement Systems (KRS) announced today that their investments earned more than $1.4 billion during the Fiscal Year that ended June 30, 2018. Pension Fund Investments collectively earned a total of 8.57% and Insurance Fund investments earned a total of 9.05% for the year. KRS total assets increased to $17.42 billion as of June 30, 2018.

Investment returns for all individual System pension and insurance funds under management reflect the fact that the asset allocations and investments vary from plan to plan due to their specific liquidity, income and risk control needs. The returns for each System are as follows:

Kentucky Retirement Systems Fiscal Year 2018 investment returns
(in millions)

SystemPension Insurance 
 FY Ret$ value of investment performanceFY Ret$ value of investment performance
KERS Nonhazardous7.50%$151.57.96%$61.2
KERS Hazardous8.68%$52.18.88%$42.9
CERS Nonhazardous8.75%$585.79.21%$197.9
CERS Hazardous8.77%$194.49.32%$109.7
State Police Retirement7.65%$18.69.34%$16.6

Of particular note, KRS finished in the 26th percentile over the Fiscal Year in Pension and the 17th percentile in Insurance in the TUCS Universe ratings. TUCS is a collaborative effort between Wilshire Associates and custodial organizations where custodians submit asset positions and performance data which is then pooled into universes for comparison purposes. TUCS is the most widely accepted benchmark for performance of U.S. institutional assets.

The TUCS Total Return of Master Trusts - Public Universe compares performance and risk of all public pension funds... regardless of pension size... included in the TUCS Universe database. This universe includes only public pension funds and does not include any endowments/foundations, corporate pension plans, or the like.

"While the Investment Staff and the Investment Committee of the Board are very pleased with the performance of our assets over the fiscal year, we remain focused on the long road ahead of us to achieve a healthy funded status for each of our plans. Investment returns are only one part of this process, but we look forward to continuing the momentum we have created over the last two years," said KRS Interim Executive Director of Investments Rich Robben, CFA.

Kentucky Retirement Systems is responsible for the investment of funds and administration of pension and health insurance benefits for over 379,000 active and retired state and local government employees, state police officers, and nonteaching staff of local school boards and regional universities.

This story was posted on 2018-08-27 14:28:51
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.


Quick Links to Popular Features

Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on


Contact us: Columbia Magazine and are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017

Please use our contact page, or send questions about technical issues with this site to All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia! Magazine and D'Zine, Ltd. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.