Kentucky pension system

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A bill that would have enacted transparency measures for Kentucky’s ailing pension systems failed to pass this legislative session, despite a last-minute push.

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A new version of the state budget, penned by Kentucky House Democrats, reverses some of Gov. Matt Bevin’s proposed cuts to state spending.

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Discussions about Kentucky tax reform have circulated around the state capitol for decades but no comprehensive tax measure has passed.

Two state lawmakers say major pension shortfalls could help move the issue along. 

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The state legislature continues to search for a way to address the $31 million needed to shore up its pension funds for state workers, and teachers.  

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  If state leaders are closer to solving the crisis in the Kentucky teachers’ pension system, they’re not showing it.

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Analysts say Kentucky will need to hire more state employees or have them pay more into the retirement system in order to reverse the state’s pension crisis, painting a grim portrait of Kentucky’s main public pension system.

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Legislation backed by Kentucky Treasurer Todd Hollenbach would create a retirement savings program for Kentuckians whose employers don’t offer a plan.

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The Kentucky Chamber of Commerce wants a full performance audit of the troubled Kentucky Retirement Systems.

 Kentucky's underperforming retirement system for state employees keeps secret details of its so-called "alternative investments," and critics are calling for more transparency so the risks and potential pratfalls can be fully assessed.

In its latest story, the Kentucky Center for Investigative Reporting looks at the secrecy behind where the Kentucky Retirement Systems makes its alternative investments—and the concerns it raises.

Fitch Names KRS Pension Worst-Funded in Nation

May 20, 2014
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Global credit agency Fitch Ratings has named one of Kentucky’s pensions the worst in the nation. The non-hazardous pension under the Kentucky Employee Retirement System has about a quarter of the money it would need to pay out what will be owed to pensioners. 

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