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Thomas K. Elliott, left, presides at a Kentucky Retirement Systems board of trustees meeting on Thursday, April 21, 2016, in Frankfort, Ky. Elliott took his seat at the head of the board table in defiance of Gov. Matt Bevin's order removing him from the board. Republican Gov. Matt Bevin removed the chairman of the Kentucky Retirement Systems board of trustees Wednesday, saying one of the country's worst-funded public pension systems needs a "fresh start." Kentucky Retirement Systems Executive Director William Thielen is on the right. (AP Photo/Bruce Schreiner)

Thomas K. Elliott, left, presides at a Kentucky Retirement Systems board of trustees meeting on Thursday, April 21, 2016, in Frankfort, Ky. Elliott took his seat at the head of the board table in defiance of Gov. Matt Bevin's order removing him from the board. Republican Gov. Matt Bevin removed the chairman of the Kentucky Retirement Systems board of trustees Wednesday, saying one of the country's worst-funded public pension systems needs a "fresh start." Kentucky Retirement Systems Executive Director William Thielen is on the right. (AP Photo/Bruce Schreiner)

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