Kentucky pension system

Stu Johnson / WEKU News

Kentucky House Republicans have unveiled their plan to bring stability to the state’s pension systems. However, the chamber’s Democratic leader is not impressed with the proposal.

kychamber.com

The Kentucky Chamber of Commerce says citizens need to understand the scope of the state’s public pension crisis. The governor’s proposed budget makes a down payment on what could be a 20 to 30-year effort. 

iStockPhoto

A top state pension executive told legislators on Wednesday that a bill requiring greater transparency of the pension systems for Kentucky’s public employees would be harmful to his agency.

http://401kcalculator.org / Flickr (Creative Commons License)

Kentucky's troubled pension system is hitting public university budgets as the state struggles to shore up billions in unfunded liability.

New accounting regulations now require governmental agencies, like Murray State University, to share their proportional share of pension liabilities.

Talks Between 7 Counties, Lawmakers Come Up Short

Aug 29, 2014
Photo by Bud Craft, courtesy Ky Legislative Research Commission.

 

An attempt at mediation between state lawmakers and a Louisville mental health nonprofit over its bankruptcy has yielded little progress. Earlier this month, member of Seven Counties Services and a handful of state lawmakers met to discuss what, if any, deal could be reached over the nonprofit’s bankruptcy filing.

Pension Reform Task Force Hopes to Make Recommendations Soon

Oct 31, 2012
LRC Public Information

The Kentucky General Assembly’s pension task force hopes to come up with a plan in less than a month to reduce more than $30 billion in unfunded liability in the state’s retirement system. State Representative Mike Cherry co-chairs the panel which has been conducting public hearings and collecting information on the issue for months.