pensions

Pension Bill Won't Include Mandatory 401(k)-Style Plan

Feb 14, 2018
Kentucky Chamber of Commerce

The Kentucky Senate's top Republican leader says a forthcoming bill to overhaul one of the country's worst-funded public pension systems will not include a mandatory move to a 401(k)-style plan.

Kentucky Chamber of Commerce

Republican leaders have been adamant that pension reform should top the agenda in the beginning weeks of the 2018 session, but a revised bill has yet to surface.

Kentucky Chamber of Commerce

The state Public Pension Oversight Board is offering few specifics in its year-end recommendations to the General Assembly ahead of the body's 60-day regular session. A leading member says divisions that helped derail an anticipated special session on pensions also prevented the board from endorsing more concrete reforms.

Kentucky Gov Still Plans For Special Legislative Session

Nov 17, 2017
Associated Press

Kentucky's Republican governor said he still plans to call a special session of the state legislature to make changes to the state's troubled public pension system.

Josh James / WUKY

Kentucky education groups are advocating an alternative pension reform program they say will ease the financial pressure on the state while maintaining defined benefits plans for future teachers.

Pension Bill Omits Some Police Death Benefits

Oct 31, 2017
LRC Public Information

A proposal to overhaul Kentucky's troubled public pension system would inadvertently eliminate line-of-duty death benefits for some police officers in roughly half of the state's law enforcement agencies, sending Republican Gov. Matt Bevin's administration rushing to fix the 505-page bill before calling a special session of the state legislature to vote on it.

LRC Public Information

The Kentucky Teachers' Retirement System has been plagued by "systemic" problems that contributed greatly to its chronic funding woes, a top Republican lawmaker said Wednesday as he defended the General Assembly's record on pensions.

AP Photo/Timothy D. Easley, File

Gov. Matt Bevin fired back Tuesday at critics of a GOP plan to revamp Kentucky's chronically underfunded public pension systems, saying they have no alternatives and warning that doing nothing is a "path to insolvency."

Associated Press

Governor Matt Bevin assured an audience of newly-promoted Kentucky State Police officers that lawmakers “have your back”  on pensions at an event in Lexington Thursday. Yet despite dire predictions if the state fails to shore up the system, the Republican says some revenue-generating ideas are effectively off the table.

Private Lawmaker Meeting Prompts Open-Records Complaint

Sep 6, 2017
Legislative Research Commission

A government watchdog group has asked Kentucky's attorney general to rule whether the state House of Representatives broke the law by holding a private meeting to discuss the state's pension systems.

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