Post by Logan on Apr 20, 2016 22:51:54 GMT -6
Gov. Matt Bevin has removed the chairman of the Kentucky Retirement Systems board of trustees, which oversees about $16 billion in assets for the pension and insurance benefits of state and local government retirees.
Thomas K. Elliott, a senior vice president at Old National Bank in Louisville, was reappointed last year by Democratic Gov. Steve Beshear to a four-year term. However, Bevin, a Republican, issued an executive order citing a state law that suggests a governor can revoke any gubernatorial appointment for any reason at any time, exempting university boards, the Council on Postsecondary Education and the state Board of Education.
“KRS needs a fresh start and more transparency,” Bevin spokeswoman Jessica Ditto said late Wednesday when asked about Elliott’s removal.
Beshear used the same law a number of times during his tenure to remove his predecessor’s appointees, Ditto said.
Read more: www.kentucky.com/news/politics-government/article72944752.html
Thomas K. Elliott, a senior vice president at Old National Bank in Louisville, was reappointed last year by Democratic Gov. Steve Beshear to a four-year term. However, Bevin, a Republican, issued an executive order citing a state law that suggests a governor can revoke any gubernatorial appointment for any reason at any time, exempting university boards, the Council on Postsecondary Education and the state Board of Education.
“KRS needs a fresh start and more transparency,” Bevin spokeswoman Jessica Ditto said late Wednesday when asked about Elliott’s removal.
Beshear used the same law a number of times during his tenure to remove his predecessor’s appointees, Ditto said.
Read more: www.kentucky.com/news/politics-government/article72944752.html