Tagged: Kentucky Pension Reform

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.

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.

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.

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.