The Treasurer sits on several boards and commissions, each of which is vital to Kentucky’s economic, financial, and cultural prosperity. Treasurer Metcalf takes each of these roles seriously and will always advocate for policies that will positively impact Kentuckians.
The Commission is an innovative method of addressing a very important problem facing Kentuckians. Tasked with developing and implementing plans to improve the financial literacy of Kentuckians, the Commission will also provide support to educators teaching financial literacy in Kentucky. Thanks to a partnership the Treasury reached with the Kentucky Credit Union League and Kentucky credit unions, the Commission will operate without the use of taxpayer dollars.
Teachers' Retirement System Kentucky
The Kentucky Teachers Retirement System (KTRS) is one of Kentucky's state-run pension systems. Treasurer Metcalf is a board member of KTRS, which means he oversees our teachers' pensions and savings. Treasurer Metcalf cares deeply about the solvency of the KTRS pension fund. He is committed to working with other board members, educators, and elected officials to find solutions, ensuring that current and future retirees receive a quality pension.
Kentucky Lottery Board
Treasurer Metcalf is committed to building a lottery that helps more children afford a college education. As a member of the Kentucky Lottery Board, he works to ensure that the revenues generated are sufficient to fund the KEES program, which rewards graduating high school seniors with scholarships for college. He believes lottery revenues should be entirely spent on education.
Treasurer Metcalf will ensure that funds generated and spent by the Lottery Board are constitutional and transparent.
State Investment Commission
As Chair of the State Investment Commission, Treasurer Metcalf monitors the state's investments of more than $3 billion to ensure Kentuckians receive the best possible return. The State Investment Commission is charged with overseeing Kentucky's investment programs. The state's investments fall into four primary categories:
- The Short-term pool consists primarily of general fund cash balances and provides liquidity for the remaining investment pools;
- The Intermediate-term Pool represents agency fund investments, state-held component units, and fiduciary fund accounts;
- The Long-term Pool, which invests the budget reserve trust fund account and any other funds deemed appropriate for the pool where the need for liquidity is not a serious concern;
- The Bond Proceed Pool in which capital construction bond proceeds are invested
The Office of Financial Management is the administrative arm of the investment commission. It analyzes and manages the state's short-term and long-term cash flow requirements and seeks to maximize the return on Kentucky investments. The office also develops a long-term debt plan for the state.
Kentucky Higher Education
Treasurer Metcalf serves on the Kentucky Higher Education Assistance Authority (KHEAA) and Kentucky Higher Education Student Loan Corporation (KHESLC) boards, which govern student loan policies and awards for Kentucky college students.
The Treasurer is always looking for innovative and cost-effective ways to provide students with access to college funding and ensure that KHEAA and KHESLC investments benefit the students they are designed to serve.
Kentucky Deferred Compensation Board
Treasurer Metcalf is a Kentucky Public Employees Deferred Compensation Authority (KDC) Board of Trustees member. KDC is authorized under Kentucky Revised Statutes (18A.230 – 18A.275) to administer tax-deferred supplemental retirement plans for all state, public school, and university employees and employees of local political subdivisions that have elected to participate.
Kentucky Opioid Abatement
Advisory Commission
Treasurer Metcalf is a member of the Kentucky Opioid Abatement Advisory Commission (KYOAAC), which was created by the General Assembly with the passage of House Bill 427. The Commission has eleven members and works with stakeholders in the prevention and treatment communities, law enforcement, and victims of the opioid crisis. The Commission is charged with distributing the Commonwealth's portion of the over $842 million from settlements the Attorney General reached in 2022 with opioid companies for their role in exacerbating the deadly opioid crisis in Kentucky.