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Taxpayers benefit as Kentucky public pensions grow

(The Center Square) – Kentucky lawmakers received an update this week on the state of several public pension programs during a meeting of the Public Pension Oversight Advisory Board. The Kentucky Teacher Retirement System (TRS) reported growth of 3.44% on its investments for the quarter. While that fell below the benchmark of 3.75%, it still ranked among the top half of gainers across the country, according to Beau Barnes, the TRS deputy executive secretary and general counsel. Barnes, according to a release from the Kentucky House Majority Caucus, told the board that private equity investments performed well. However, international investments faltered as the TRS portfolio focused on growth stocks.

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