KY Lawmakers Meet With Public to Discuss Pension Problems
Lawmakers and citizens met this weekend in Murray State’s Wrather Auditorium to discuss Kentucky’s ongoing pension crises. Cameron Smith of the Alabama Policy Institute gave a presentation explaining...
View ArticleHouse Working to Revamp Senate Pension Bill
Pension reform legislation that passed in the Senate last week is undergoing changes in the House. House Speaker Greg Stumbo says he expects some of the proposed changes to be unveiled this week.The...
View ArticleHouse Leaders Considering Instant Racing Legalization to Help Pay for Pensions
Kentucky House leaders are considering legalizing Instant Racing across Kentucky to help plug the funding gap in the state's pensions.
View ArticleNew Kentucky Senators Want Pension Opt-Out
Some new state legislators were elected after promising to refuse a state pension, but now find the law does not allow them to opt out. However, State Rep. Diane St. Onge has introduced a bill that...
View ArticleHouse Committees Makes Major Changes to Pension Reform Bill
The state pension system would not transition to a hybrid 401K-style plan in an amended version of the pension reform bill.
View ArticleHouse Committee Passes Revenue Bill for Pensions
The House budget committee has passed a bill that would help shore up the state's underfunded pension system. House Bill 416 would take revenues from expanding Kentucky lottery sales and online games,...
View ArticleHouse Passes Two Pension Bills But Controversy Over Vote Looms
The House has narrowly passed two bills dealing with the state's underfunded pension system, but not without controversy.The House passed an amended version of Senate Bill 2, which keeps the pension...
View ArticleSenate Passes Bill To Shut Down Legislative Pension System
Legislative pension reform is progressing through the Kentucky General Assembly. Senate Bill 7 would keep new legislators from participating in the Kentucky Employees Retirement System. It is aimed at...
View ArticlePension Fixes in Limbo As Leaders Argue Over Approaches
A House bill aiming to help generate revenues for the underfunded pension system is in legal limbo as the Senate refused to accept the bill.House Bill 416 takes revenues from expansion of Instant...
View ArticleKentucky Legislative Leaders Reach Deal on Pensions; Vote Expected Today
Kentucky legislative leaders have reached agreement on a plan aimed at shoring up the state's underfunded pension systems, staving off the need for a special session of the General Assembly.The new...
View ArticleMarshall County Candidate for Retirement System Trustee Wants to Ensure...
A Kentucky Transportation Cabinet retiree from Marshall County is on the ballot for the state pension system’s Board of Trustees.Peter Wolff says he’s concerned about the Kentucky Employees Retirement...
View ArticleFitch Names KRS Pension Worst-Funded in Nation
Global credit agency Fitch Ratings has named one of Kentucky’s pensions the worst in the nation. The non-hazardous pension under the Kentucky Employee Retirement System has about a quarter of the money...
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Despite Calls for Openness, Struggling Kentucky Retirement Systems Keeps Its...
Kentucky's underperforming retirement system for state employees keeps secret details of its so-called "alternative inve
View ArticleKentucky Chamber Calls for Comprehensive Audit of K.R.S
The Kentucky Chamber of Commerce wants a full performance audit of the troubled Kentucky Retirement Systems.
View ArticleKentucky Treasurer Wants Lawmakers to Create Retirement Savings Program
Legislation backed by Kentucky Treasurer Todd Hollenbach would create a retirement savings program for Kentuckians whose employers don’t offer a plan.
View ArticleConsultants: Kentucky Pension System Can’t ‘Invest Its Way Out’ of Crisis
Analysts say Kentucky will need to hire more state employees or have them pay more into the retirement system in order to reverse the state’s pension crisis, painting a grim portrait of Kentucky’s main...
View ArticleState Leaders Talk Kentucky Teachers' Pension Solutions, To No Avail
If state leaders are closer to solving the crisis in the Kentucky teachers’ pension system, they’re not showing it.
View ArticleSenate Passes Pension Accountability Bill
The state legislature continues to search for a way to address the $31 million needed to shore up its pension funds for state workers, and teachers.
View ArticlePension Shortfall Could Boost Interest in Tax Reform, Lawmakers Say
Discussions about Kentucky tax reform have circulated around the state capitol for decades but no comprehensive tax measure has passed. Two state lawmakers say major pension shortfalls could help move...
View ArticleHouse Passes Two Pension Bills But Controversy Over Vote Looms
The House has narrowly passed two bills dealing with the state's underfunded pension system, but not without controversy. The House passed an amended version of Senate Bill 2, which keeps the pension...
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