Kentucky pension system

Henryk Sadura, 123rf Stock Photo

Republican leaders of the state legislature say a new proposal to overhaul the state’s public retirement systems will be unveiled later this week.

Nicole Erwin, WKMS

Businesses in Kentucky will struggle in moving forward with a pro-growth, job creating agenda unless the state pension issue is resolved. That’s according to Kentucky Chamber President Dave Adkisson.

He told the Paducah Chamber Thursday that the pension problem and tax reform are their top priorities for the 2018 General Assembly.  

Anna Kitzman, 123rf Stock Photo

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. 

Alexey Stiop, 123rf stock photo

State legislators say a special session to discuss Kentucky’s ailing pension system probably won’t happen this year.

J. Tyler Franklin, WFPL.org

Kentucky's Republican governor said he still plans to call a special session of the state legislature to make changes to the state's troubled public pension system.

Ryland Barton

Hundreds of state employees and retirees rallied on the steps of the State Capitol Wednesday night, protesting Gov. Matt Bevin’s proposed changes to the state’s troubled pension plans.

Governor Matt Bevin, via Facebook

Gov. Matt Bevin and Republican leaders of the state legislature have released a proposal that would make major changes to the retirement plans for teachers and other state workers.

Kentucky Retirement Systems (kyret.ky.gov)

Retirements from one of Kentucky's largest public pension systems jumped 37 percent in September as lawmakers are considering potentially dramatic changes to prevent insolvency.

Sergey Kuzmin, 123rf stock photo

Moody’s has downgraded Kentucky’s credit rating because of the low funding level of the state’s pension systems and lackluster revenue gleaned from taxes.

Sergey Kuzmin/123rf Stock Photo

Kentucky's public pension system not only faces an $18.1 billion unfunded liability, but might be in worse shape than previously thought. 

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