Senate 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...
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...
View ArticleDespite 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 investments," and critics are calling for more transparency so the risks and...
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 Democrats Offer Changes To Bevin’s Budget Proposal
A new version of the state budget, penned by Kentucky House Democrats, reverses some of Gov. Matt Bevin’s proposed cuts to state spending.
View ArticleDespite Pension Attention In Kentucky, Transparency Bill Fails
A bill that would have enacted transparency measures for Kentucky’s ailing pension systems failed to pass this legislative session, despite a last-minute push.
View ArticleWhat’s Behind Stumbo’s Special Meeting On Kentucky Pensions
House Speaker Greg Stumbo has called for an impromptu meeting of the state House of Representatives Tuesday to discuss the state’s troubled pensions systems.
View ArticleJudge Slams Reinstated Pension Official For Missed Meetings
The absence of the former board chair of the Kentucky Retirement Systems at official meetings is “not acceptable,” according to a judge who temporarily blocked the governor from removing the official.
View ArticleKentucky’s Pensions Are Worst-Funded In U.S., Study Shows
A new study shows that Kentucky has the worst-funded pension system in the nation, compounded by the fact that of all the states, the commonwealth is doing the worst at paying off its pension debt.
View ArticleBevin: Private Audit will "Shine Antiseptic Light of Transparency" on Pension...
Gov. Matt Bevin has hired a private consulting company to audit Kentucky’s struggling public pension systems, which have more than $35 billion in unfunded liabilities. In an announcement Monday, Bevin...
View ArticleTeachers Group Sues State For Underfunding Kentucky Pensions
An organization of current and retired Kentucky public school teachers has filed a class action lawsuit against Gov. Matt Bevin and legislative leaders for underfunding the teacher pension system,...
View ArticleBeshear Calls on Incoming Legislature to Make Drug Epidemic Top Priority
Kentucky’s top law enforcement officer is calling on the new Republican state legislature to fight the emerging threat of synthetic drug abuse instead of rescuing a failing public pension system.
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