City of Fort Wright, Kentucky, et al v. Board of Trustees of the Kentucky Retirement Systems AND Board of Trustees of the Kentucky
Issues include whether KRS 78.790(1), which requires CERS to invest in securities which are "permitted for the investment of funds by fiduciaries in this state[,]" prohibits CERS from investing in financial products that are not included in KRS 386.020, which includes a list of authorized investments for trust funds. Oral arguments heard on August 19, 2021.
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