pension reform http://wuky.org en Time Running Out For Pension Reform Legislation http://wuky.org/post/time-running-out-pension-reform-legislation <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- Lawmakers are still at odds on how to shore up Kentucky's financially troubled pension plans for state and local government retirees.</span></p><p></p><p class="ap-story-p"><span class="entry-content">Legislative leaders said Tuesday that no talks have been held since Sunday.</span></p> Tue, 12 Mar 2013 20:44:00 +0000 Associated Press 28562 at http://wuky.org Time Running Out For Pension Reform Legislation House Committee Approves Pension Reform Bill http://wuky.org/post/house-committee-approves-pension-reform-bill <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- Revamped legislation intended to shore up the state's pension system for state and local government retirees in Kentucky has cleared a House committee.</span></p><p></p><p class="ap-story-p"><span class="entry-content">The measure removes a Senate provision that would have created a 401(k)-like plan for new hires.</span></p> Tue, 26 Feb 2013 20:15:14 +0000 Associated Press 27862 at http://wuky.org House Committee Approves Pension Reform Bill Senate Passes Government Reform Pension Bill http://wuky.org/post/senate-passes-government-reform-pension-bill <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky.-- Legislation that would reform the pension system for state and local government retirees in Kentucky has cleared the Senate without an identified funding source to resolve worsening financial problems.</span></p><p></p><p class="ap-story-p"><span class="entry-content">The proposal would create a 401(k)-like hybrid retirement plan for new employees and would eliminate cost-of-living increases for retirees already drawing benefits in an effort to deal with a $33 billion deficit.</span></p> Thu, 07 Feb 2013 22:46:40 +0000 Associated Press 27023 at http://wuky.org Senate Passes Government Reform Pension Bill Senate Leaders Vow Action On Pension Bill http://wuky.org/post/senate-leaders-vow-action-pension-bill <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- Senate Republican leaders on Friday promised fast-track work on pension legislation, drawing support from business groups demanding action to shore up a system plagued by a massive unfunded liability they say threatens to drain money from education and economic development.</span></p><p></p> Fri, 01 Feb 2013 21:45:48 +0000 Associated Press 26749 at http://wuky.org Senate Leaders Vow Action On Pension Bill Stumbo, Stivers Agree That Pension Funding Will Likely Wait, Again http://wuky.org/post/stumbo-stivers-agree-pension-funding-will-likely-wait-again <p>FRANKFORT, Ky. - Kentucky legislative leaders say solutions on how to pay for Kentucky’s underfunded pensions won’t likely be addressed in the 2013 legislative session, which began Tuesday.</p><p></p><p>Both House Speaker Greg Stumbo and Senate President Robert Stivers say there will likely be a bill to introduce changes to the pension systems. But they also agree that such a bill is unlikely to deal how to fund the changes.</p> Wed, 09 Jan 2013 14:43:13 +0000 Kentucky Public Radio's Kenny Colston 25724 at http://wuky.org Stumbo, Stivers Agree That Pension Funding Will Likely Wait, Again Governor Prepared for Special Session http://wuky.org/post/governor-prepared-special-session <p>LEXINGTON, Ky. - State lawmakers return to Frankfort Tuesday for the start of the 2013 legislative session, and Governor Steve Beshear is already predicting the need to go past the 30 days scheduled for work. Tue, 08 Jan 2013 01:59:41 +0000 Brenna Angel 25656 at http://wuky.org Governor Prepared for Special Session