Kentucky State Pensions

Local/Regional News
2:52 pm
Mon March 25, 2013

Stumbo: 11th Hour Pension Deal In The Works

Democrat House Speaker Greg Stumbo (L) and Republican Senate President Robert Stivers (R).

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.

House Speaker Greg Stumbo said Monday that the governor will personally present the proposal to House Democrats in a private meeting Monday afternoon.

"We'll see what the reaction is," Stumbo told reporters.

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Local/Regional News
4:25 pm
Fri February 15, 2013

House Democrats Float Instant Racing As Solution To Pension Woes

Credit bloodhorse.com

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.

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.

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Local/Regional News
4:29 pm
Thu January 10, 2013

Coalition Rallies Against Big Changes to Kentucky Public Pensions

FRANKFORT, Ky. -  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.

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.

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