Kentucky pension system

Alexey Stiop, 123rf Stock Photo

Monday will mark the beginning of the fourth week of the 2018 Kentucky General Assembly.

Lawmakers will return next week, still not sure when they will be voting on what legislative leaders say is one of the highest priorities, changes to the pension systems.

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  Gov. Matt Bevin’s proposal for how the state should spend money over the next two years would make steep cuts and set aside more money than ever before for the ailing pension systems. But even more money would be required if the legislature approves the governor’s plan to overhaul the state’s pension systems.

Matt Markgraf, WKMS

The Kentucky Retired Teachers Association is calling on lawmakers to drop the proposed suspension of cost-of-living adjustments, keep defined benefit plans, fully-fund the system and not alter the TRS board. Executive Director Tim Abrams and former Executive Director Bob Wagoner addressed the Calloway County Retired Teachers Association in Murray on Monday. 

J. TYLER FRANKLIN

A leader of Kentucky’s state senate says a “watered down” version of Gov. Matt Bevin’s pension proposal is being drafted but it would still shift future workers onto 401(k)-type retirement plans.

Sergey Kuzmin, 123rf stock photo

Kentucky taxpayers need to pay nearly $1 billion extra over the next two years to keep solvent a retirement plan for most state workers. 

J. Tyler Franklin, WFPL

Gov. Matt Bevin’s administration is asking for a redo of an analysis that says his proposed changes to the teacher pension system would cost taxpayers an extra $4.4 billion over the next 20 years.

J. Tyler Franklin, WFPL.org

  Gov. Matt Bevin says his proposal to overhaul Kentucky’s troubled pension systems has enough support to pass out of the state legislature, despite skepticism from lawmakers and intense opposition from state workers.

Sergey Kuzmin, 123rf stock photo

An analysis of Kentucky Gov. Matt Bevin's plan to overhaul the retirement system for public school teachers shows it would cost taxpayers an extra $4.4 billion over the next 20 years. 

iStockPhoto

Education leaders across Kentucky are joining Monday to present a new pension reform plan as an alternative to Gov. Matt Bevin’s proposed bill.

LRC Public Information

Republican State Senator Whitney Westerfield of Hopkinsville said he is undecided on how he will vote on Governor Matt Bevin’s pension reform bill and says some aspects should be revisited - like the 100-hour cap on retirees that return to public service. 

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