Kentucky State Pensions http://wuky.org en Stumbo: 11th Hour Pension Deal In The Works http://wuky.org/post/stumbo-11th-hour-pension-deal-works <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- Legislative leaders are working on a potential deal that would use Road Fund revenue to shore up the financially troubled pension system for government retirees.</span></p><p class="ap-story-p"><span class="entry-content">House Speaker Greg Stumbo said Monday that the governor will personally present the proposal to House Democrats in a private meeting Monday afternoon.</span></p><p class="ap-story-p"><span class="entry-content">"We'll see what the reaction is," Stumbo told reporters.</span></p> Mon, 25 Mar 2013 18:52:34 +0000 Associated Press 29148 at http://wuky.org Stumbo: 11th Hour Pension Deal In The Works House Democrats Float Instant Racing As Solution To Pension Woes http://wuky.org/post/house-democrats-float-instant-racing-solution-pension-woes <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- Horse racing tracks could generate up to $30 million a year in tax revenue for the state's financially troubled pension system if they installed slot-like machines and then taxed the proceeds, the House Speaker said Friday.</span></p><p></p><p class="ap-story-p"><span class="entry-content">In Kentucky, actual slot machines are banned, but two horse tracks have installed similar "Instant Racing" machines that allow people to wager on the outcomes of past horse races.</span></p> Fri, 15 Feb 2013 21:25:56 +0000 Associated Press 27406 at http://wuky.org House Democrats Float Instant Racing As Solution To Pension Woes Coalition Rallies Against Big Changes to Kentucky Public Pensions http://wuky.org/post/coalition-rallies-against-big-changes-kentucky-public-pensions <p>FRANKFORT, Ky. -&nbsp; Current Kentucky state employees and retirees packed the Capitol Rotunda to encourage lawmakers to rethink some proposals made by a task force on public pensions last year.</p><p></p><p>Calling themselves the Kentucky Public Pension Coalition, the group of more than a dozen interested organizations encouraged their members to tell lawmakers not to switch to a hybrid pension plan for new hires and to reinstate cost of living adjustments every year.</p> Thu, 10 Jan 2013 21:29:09 +0000 Kentucky Public Radio's Kenny Colston 25794 at http://wuky.org Coalition Rallies Against Big Changes to Kentucky Public Pensions