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FT. WRIGHT v. BD. OF TRUSTEES OF KY. RET.

2020-SC-0053-DG 2020-SC-0477-DG.

635 S.W.3d 37 (2021)

CITY OF FORT WRIGHT, Kentucky; City of Covington, Kentucky; City of Taylor Mill, Kentucky; and City of Independence, Kentucky, Appellants/Cross-Appellees v. BOARD OF TRUSTEES OF the KENTUCKY RETIREMENT SYSTEMS, Appellee/Cross-Appellant.

Supreme Court of Kentucky.

October 28, 2021.

Attorney(s) appearing for the Case

COUNSEL FOR APPELLANTS/CROSS-APPELLEES, CITY OF FORT WRIGHT, KENTUCKY: Amy Lynn Barrett Hunt , Ronald Richard Parry , Robert R. Sparks , Covington, Strauss Troy, Todd VanDerVeer McMurtry , Hemmer Defrank Wessels PLLC.

COUNSEL FOR APPELLANTS/CROSS-APPELLEES, CITY OF COVINGTON, KENTUCKY: Amy Lynn Barrett Hunt , Covington, Ronald Richard Parry , Robert R. Sparks , Covington, Strauss Troy, Michael Patrick Bartlett , City of Covington.

COUNSEL FOR APPELLANTS/CROSS-APPELLEES, CITY OF INDEPENDENCE, KENTUCKY: Amy Lynn Barrett Hunt , Covington, Ronald Richard Parry , Robert R. Sparks , Covington, Strauss Troy, Jack Scott Gatlin , Gatlin Voelker, PLLC, Covington.

COUNSEL FOR APPELLANTS/CROSS-APPELLEES, CITY OF TAYLOR MILL, KENTUCKY: Amy Lynn Barrett Hunt , Covington, Ronald Richard Parry , Robert R. Sparks , Covington, Strauss Troy, Frank A. Wichmann, II , Wichmann & Schaffer, Erlanger.

COUNSEL FOR APPELLEE/CROSS APPELLANT: Robert William Kellerman , Stoll Keenon Ogden, PLLC, Frankfort.

In establishing the County Employees Retirement System ("CERS"), as well as the other public employee pension plans, the Kentucky legislature directed that trustees of the system hold its funds in trust and invest and reinvest them according to certain statutory standards. The question we resolve in this...

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