Kentucky pension system

Kentucky Retirement Systems (kyret.ky.gov)

The absence of the former board chair of the Kentucky Retirement Systems at official meetings is “not acceptable,” according to a judge who temporarily blocked the governor from removing the official.

LRC Public Information

House Speaker Greg Stumbo has called for an impromptu meeting of the state House of Representatives Tuesday to discuss the state’s troubled pensions systems.

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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.

lrc.state.ky.us

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. 

LRC Public Information

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.  

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

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

LRC Public Information

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.

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