Beshear appoints KACo representative, two others to CERS Board of Trustees
Merl Hackbart, a finance professor at the University of Kentucky, will represent the Kentucky Association of Counties (KACo) on the new County Employees Retirement System (CERS) Board of Trustees.
Gov. Andy Beshear made the announcement Tuesday. Hackbart is one of three investment experts named the board. They will serve in addition to the six members already serving on the Kentucky Retirement Systems (KRS) Board of Trustees.
April 1 is the start date for the new CERS board.
During his decades of work, Hackbart’s research has focused on managing public finances including debt management, public pension funds, popular financial reporting and state government structural budget issues.
He has previously served as interim dean and associate dean of the Gatton College of Business and Economics at UK and as a member of the Kentucky Council for Postsecondary Education and the Kentucky Consensus Revenue Forecasting Group.
He has also served twice as budget director for the Commonwealth of Kentucky and as a Senior Policy Advisor to the Governor of Kentucky. He is a past president of the Association of Budgeting and Financial Management.
Serving alongside Hackbart will be Bill O’Mara, former Lexington commissioner of finance, who will represent the Kentucky League of Cities, and Brian Dineen, vice president of finance for the Blue Grass Community Foundation. He represents Kentucky School Boards Association.
KACo will be have another representative appointed to the board by Beshear at a later date.