Kentucky Pension Reform

Local/Regional News
4:53 pm
Thu May 15, 2014

Fitch Rates Kentucky Pension As Worst-Funded Major Plan

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

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Local/Regional News
5:22 pm
Thu January 23, 2014

Senate OKs Change To Legislative Pension Provision

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

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Local/Regional News
8:16 pm
Tue January 21, 2014

Gov. Beshear Stresses Education, Competitiveness In Budget Address

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

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Local/Regional News
8:29 am
Wed March 27, 2013

Kentucky Lawmakers Approve Pension Deals, Avert Special Session

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.

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Local/Regional News
7:44 am
Tue March 26, 2013

Ky. Lawmakers Continue Work on Pension Reform, Compromise Appears Uncertain

House Speaker Greg Stumbo - photo by Kentucky LRC Public Information

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.

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Local/Regional News
6:49 pm
Thu March 7, 2013

Lawmakers Look For Common Ground On Pension Issue

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.

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Local/Regional News
10:07 am
Fri March 1, 2013

Pension Fixes in Limbo As Leaders Argue Over Approaches

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.

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Local/Regional News
2:37 pm
Mon January 7, 2013

Lexington And Louisville Mayors Push For Pension Reform

Mayor Jim Gray addresses an impromptu meeting of Kentucky mayors at a press conference in Frankfort Monday.
Credit 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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Local/Regional News
9:26 pm
Tue November 20, 2012

Public Retirees Could Lose Cost-Of-Living Hikes

FRANKFORT, Ky.  -- A legislative group asked to find ways to shore up Kentucky's public pension system recommended Tuesday the repeal of built-in cost-of-living increases for government retirees.

That was among a list of proposals made by the Kentucky Public Pensions Task Force to rein in a growing unfunded liability that now exceeds $30 billion.

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