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Bevin’s choice for pension board declines appointment

Bevin’s choice for pension board declines appointment

Bill Stephens

May 18th, 2016

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LOUISVILLE, Ky. (AP) — A western Kentucky dermatologist who was selected to replace a state pension board’s chairman has declined Gov. Matt Bevin’s appointment.

William Smith of Madisonville informed the governor in a letter that after careful consideration he decided to respectfully decline the appointment.

The recent appointment prompted the Kentucky Retirement System’s board of trustees to seek a state attorney general’s opinion on the appointment.

Attorney General Andy Beshear’s office replied this week with an opinion stating that the governor isn’t allowed to remove a board member whose term hasn’t expired. The opinion also said Smith didn’t qualify as an investment or financial professional as the law requires.

The governor’s office says the opinion is inconsistent with court rulings and stood by Smith’s qualifications to serve on the board.

 

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