Public Pension Crisis in Kentucky

Kentucky Governor Might Not Call Special Session

Dec 11, 2017
Associated Press

Kentucky's Republican governor acknowledged for the first time Monday that he might not call a special session of the state legislature to overhaul one of the country's worst-funded public pension systems.

Associated Press

Kentucky GOP House members are asking Republican Gov. Matt Bevin not to call a special legislative session on pension reform before the end of the year.  The Courier Journal reports that a large majority of House Republicans sent a letter making the request Wednesday.

Kentucky Governor Seeks Redo Of Pension Analysis

Nov 14, 2017
AP File Photo

Kentucky Gov. Matt Bevin's administration is asking consultants to redo their analysis of how much his proposed overhaul of the teachers' pension system would cost taxpayers.

Kentucky Pension Debt Jumps $5 Billion, Consultants Say

Nov 13, 2017
Josh James

Kentucky's public pension debt has jumped by more than $5 billion for the fiscal year that ended June 30, 2017.

Pension Plan For Teachers Would Cost $4.4 Billion

Nov 9, 2017
Associated Press

Kentucky Gov. Matt Bevin's plan to overhaul the retirement system for public school teachers would cost taxpayers an extra $4.4 billion over the next 20 years, according to a new analysis, a whopping cost that potentially complicates the proposal's prospects in the House as GOP leaders struggle to find votes for it.

Kentucky To Move All New Hires To 401-K Style Plan

Oct 18, 2017
Associated Press

Most of Kentucky's future public employees would not get guaranteed pension payments under a deal announced Wednesday by the state's Republican leaders who are trying to salvage one of the worst-funded public retirement systems in a country where many such plan are awash in red ink.

Bevin: Pension Fix To Be Announced Soon

Oct 17, 2017
Associated Press

After months of private negotiations, Kentucky's Republican governor says he is close to calling state lawmakers back into session so they can make changes to one of the country's worst-funded public pension systems.

Kentucky Chamber of Commerce

The Kentucky Chamber of Commerce says it will pay for billboards and newspaper ads to raise awareness about Kentucky's public pension debt.