Kentucky Pension Reform

State Representative and co-chair of the Kentucky Public Pension Oversight Board Brent Yonts says he’s open to the idea of a comprehensive audit of the state’s debt-ridden pension system.

Kentucky’s massive pension debt has the Kentucky Chamber of Commerce pushing for a comprehensive audit of the entire state retirement system.

A Kentucky pension plan continues to be one of the worst-funded major plans in the country, according to an annual report from Fitch.

The Kentucky Senate has voted to rein in a state law that allows legislative pensions to be "supersized."

Gov. Steve Beshear laid out his budget priorities for the next two years in his Tuesday night address.

FRANKFORT, Ky. - Kentucky's legislative leaders have passed two bills to shore up the state's underfunded pension systems for government employees, effectively staving off a special session on the issue.

FRANKFORT, Ky. - With only one day left in this year's legislative session, Kentucky House leaders are hopeful they have a deal to up shore up the state's underfunded pension system. But there may not be time to get it through the legislature.

FRANKFORT, Ky. -- House and Senate leaders were optimistic Thursday that they could find common ground on government pension reforms as they move into the final days of a legislative session.

One of the major sticking points is a Senate proposal to create a 401(k)-like retirement plan for new employees. The House adamantly opposes it.

Pension Fixes in Limbo As Leaders Argue Over Approaches

Mar 1, 2013

FRANKFORT, Ky. -- 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 Racing and online lottery sales and the start of a Keno game to generate close to $100 million a year to pay into state's currently underfunded pensions for state employees.

Josh James / WUKY

FRANKFORT, Ky. - State and local officials, including Lexington Mayor Jim Gray, came together in Frankfort today to press for action to address rising pension costs.

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