Eight executives at Kentucky Retirement Systems make more than $100,000 a year, according to salary data now available online at Opendoor.ky.gov.
The salaries were a source of controversy this month after KRS refused to disclose them to a state retiree who requested them under the Kentucky Open Records Act. Attorney General Jack Conway ruled that KRS — which manages about $13 billion in assets for state and county retirees — had violated the law.
On April 7, responding to Conway's ruling and several other recent controversies, the KRS board of trustees voted to replace its longtime chairman, Randy Overstreet, and fire its executive director, Robert Michael Burnside. KRS general counsel Schuyler Olt also is departing.
The new board chairwoman, Jennifer Elliott, on Friday said the board insisted that KRS salaries be posted online as quickly as possible.
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"We had not previously been aware that the system failed to turn over this information when requested," Elliott said. "The board as a whole wants us to be transparent."
The state's Open Door Web site identifies 254 KRS employees, their job titles and their pay.
Top salaries go to Timothy Carlson, chief investment officer, $190,008; William Thielen, interim executive director, $131,904; James Clark, project manager, $115,296; Richard Schultz, senior adviser on retiree health care, $111,288; Olt, the general counsel, $110,256; Dave Aldridge, division director for alternative investments, $109,704; Mark McChesney, information security officer, $108,384; and Charlene Haydon, chief benefits officer, $100,296.
"Nothing looked outrageous to me, which is good," Elliott said. "I did not notice any particular salary that seemed to be out of line, from my perspective."