Kentucky's underperforming retirement system for state employees keeps secret details of its so-called "alternative investments," and critics are calling for more transparency so the risks and potential pratfalls can be fully assessed.In its latest story, the Kentucky Center for Investigative Reporting looks at the secrecy behind where the Kentucky Retirement Systems makes its alternative investments—and the concerns it raises.You can read the full story here.The KyCIR's James McNair reports that KRS "only has enough assets to cover about 45 percent of its obligations to its current and future retirees." That's a $17.6-billion shortfall as of mid-2013.Kendrick Mills, aformer city of Louisville firefighter, relies on a 26-year pension for two-thirds of his household income. He's also a retired investment adviser.“I want to know what’s in the funds. I want to know the cooking,” Mills told the KyCIR. “It amazes me that the secrecy doesn’t cause an uproar.”The KyCIR adds:Citing the secrecy
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