Kentucky pension system

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. 

Alexey Stiop, 123rf Stock Photo

Kentucky lawmakers are once again calling for transparency in the state’s pension agencies, which manage the worst-funded public retirement funds in the nation.

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.

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