kentucky pensions http://wkms.org en Marshall County Candidate for Retirement System Trustee Wants to Ensure Efficient Management http://wkms.org/post/marshall-county-candidate-retirement-system-trustee-wants-ensure-efficient-management <p></p><p>A Kentucky Transportation Cabinet retiree from Marshall County is on the ballot for the state pension system’s Board of Trustees.</p><p>Peter Wolff says he’s concerned about the Kentucky Employees Retirement System. Tue, 28 Jan 2014 21:27:46 +0000 Whitney Jones 38335 at http://wkms.org Marshall County Candidate for Retirement System Trustee Wants to Ensure Efficient Management Kentucky Retirement Systems Director: State's Pension Debt is $17 Billion http://wkms.org/post/kentucky-retirement-systems-director-states-pension-debt-17-billion <p style="margin-bottom: 15px; padding: 0px; border: 0px; font-size: 15px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Georgia, Times, serif; line-height: 22px;">Kentucky's state pension systems are slated to have to pay out more than $17 billion that the state doesn't have.</p><p style="margin-bottom: 15px; padding: 0px; border: 0px; font-size: 15px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Georgia, Times, serif; line-height: 22px;">That's according to William Thielen, who is director of the Kentucky Retirement Systems. Thielen testified before lawmakers in Frankfort Monday.&nbsp;</p><p> Mon, 27 Jan 2014 21:50:21 +0000 Jonathan Meador 38309 at http://wkms.org Kentucky Retirement Systems Director: State's Pension Debt is $17 Billion Steve Beshear: Casino Bill is Dead for 2013, Unsure if Instant Racing Will Be Used to Fund Pensions http://wkms.org/post/steve-beshear-casino-bill-dead-2013-unsure-if-instant-racing-will-be-used-fund-pensions <p></p><p>Gov. Steve Beshear says he's a fan of Instant Racing for Kentucky's horse racing tracks—but&nbsp;he's not sure if legalizing the gambling format would be used to fund the state's&nbsp;<a href="http://wfpl.org/term/kentucky-state-pensions" target="_blank">struggling pension system.</a></p><p>Meanwhile, Beshear&nbsp;said&nbsp;<a href="http://wfpl.org/term/expanded-gambling" target="_blank">casino </a><a href="http://wfpl.org/term/expanded-gambling" target="_blank">gambling</a>&nbsp;is not happening this year.</p><p>House Democratic leaders says they are looking at<a href="http://wfpl.org/post/house-leaders-considering-instant-racing-legalization-help-pay-pensions" target="_blank">&nbsp;legalizing the slots-like game statewide</a>&nbsp;to help generate at least $25 million a year to help fully fund pension obligations. Only two tracks, Ellis Park and Kentucky Downs, currently have the game. Tue, 19 Feb 2013 18:00:54 +0000 Kenny Colston (KPR) 28239 at http://wkms.org Steve Beshear: Casino Bill is Dead for 2013, Unsure if Instant Racing Will Be Used to Fund Pensions Legislative Leaders Say Pensions Will Be Top Legislative Issue http://wkms.org/post/legislative-leaders-say-pensions-will-be-top-legislative-issue <p></p><p>The next legislative session begins on January 8, and lawmakers say fixing the state's flailing pension systems will be their top priority.</p><p>A legislative task force has suggested several ways to shore up state employee pensions, but passing legislation and paying for it will be tough. Wed, 26 Dec 2012 12:00:00 +0000 Kenny Colston (KPR) 25935 at http://wkms.org Legislative Leaders Say Pensions Will Be Top Legislative Issue Stumbo: Make High Earning Pensioners Pay More to Help Fund System http://wkms.org/post/stumbo-make-high-earning-pensioners-pay-more-help-fund-system <p></p><p>State employees with higher pensions should pay more to help the underfunded systems recover, Kentucky House Speaker Greg Stumbo said in a recent interview.<br><br>One thing Stumbo doesn't want to see is lawmakers floating bonds to help pay for the state’s underfunded pensions. Fri, 23 Nov 2012 12:00:00 +0000 Kenny Colston (KPR) 24787 at http://wkms.org Stumbo: Make High Earning Pensioners Pay More to Help Fund System Whitaker and Heath Differ over Lawmaker Pensions in 2nd District State House Forum http://wkms.org/post/whitaker-and-heath-differ-over-lawmaker-pensions-2nd-district-state-house-forum <p>Candidates for Kentucky’s 2<sup>nd</sup> District State House of Representatives both say they won’t take a pension if elected in November, but they differ on whether or not a pension should be offered to lawmakers. Kentucky’s pension system is one of the worst in the country in terms of unfunded liabilities. Heath has endorsed a pension plan for lawmakers that two GOP candidates have proposed. That plan would change the current full pension for lawmakers to an optional 401K plan for incoming lawmakers.</p> Fri, 12 Oct 2012 17:19:58 +0000 Chad Lampe 23170 at http://wkms.org Whitaker and Heath Differ over Lawmaker Pensions in 2nd District State House Forum Pew report cites $23B shortfall in KY public pensions http://wkms.org/post/pew-report-cites-23b-shortfall-ky-public-pensions <p>A new report shows Kentucky has a more than $23 billion shortfall in what should have been set aside to fund pensions for retired state employees.&nbsp; The Pew Center for the States and the Laura and John Arnold Foundation released the report Thursday.&nbsp;&nbsp; The report says the shortfall is more than twice the amount of all revenue generated from state taxes in the Commonwealth last year.&nbsp; Public Pensions Task Force co-chairs, Republican Senator Damon Thayer and Democratic Representative Mike Cherry, say fixing the problem will require hard choices, good information and thoughtf Fri, 31 Aug 2012 13:17:42 +0000 Todd Hatton & The Associated Press 21550 at http://wkms.org Pew report cites $23B shortfall in KY public pensions Afternoon Round-Up 7/25/12 http://wkms.org/post/afternoon-round-72512 <p><strong>Today on NPR: </strong>Some <a href="http://www.npr.org/blogs/alltechconsidered/2012/07/24/157284146/want-free-wi-fi-in-new-york-get-near-a-pay-phone">pay phones offer free Wi-Fi</a> as part of New York City&#39;s experiment to breathe new life into its abandoned public phones.</p><p> Wed, 25 Jul 2012 21:00:51 +0000 Rose Krzton-Presson 19751 at http://wkms.org Afternoon Round-Up 7/25/12 Bluegrass Institute Blames Lawmakers for Struggling Pension Systems http://wkms.org/post/bluegrass-institute-blames-lawmakers-struggling-pension-systems <p><span style="font-family: arial, sans-serif; line-height: normal; font-size: small; ">The watchdog group Bluegrass Institute has released a report blaming Kentucky&#39;’s lawmakers for various issues with the state’&#39;s pension systems.</span> Mon, 11 Jun 2012 11:54:43 +0000 Kenny Colston (KPR) 18304 at http://wkms.org Bluegrass Institute Blames Lawmakers for Struggling Pension Systems