kentucky pensions

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A government watchdog group has asked Kentucky's attorney general to rule whether the state House of Representatives broke the law by holding a private meeting to discuss the state's pension systems. 

Alexey Stiop, 123rf stock photo

Kentucky House lawmakers held a private meeting on Tuesday to discuss the state's troubled pension system. 

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Kentucky Gov. Matt Bevin's administration has launched a pension reform website ahead of a likely special session of the state legislature to address the state's struggling retirement system. 

Alexey Stiop, 123rf Stock Photo

  Jim Carroll started working for Kentucky’s state parks system in 1978 making $780 a month.

“So I knew the pay wasn’t good but I knew that it was a place where you could advance over time,” Carroll said. “It was stable, and retirement was part of that.”

Carroll later worked in the tourism cabinet and retired in 2009. Since then, he’s organized a group of concerned state pensioners called Kentucky Government Retirees.

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. 

Kentucky Senator Chris McDaniel official Facebook page

A bill that would open up pension benefits for lawmakers to public review is on its way to the full Kentucky Senate. Similar legislation has passed the Senate before, but failed in the House.

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Kentucky's troubled pension systems have continued their downward slide in 2016, with plans covering teachers and state employees losing more than $1.8 billion in value while obligations are increasing. 

Sergey Kuzmin, 123rf Stock Photo

A new study shows that Kentucky has the worst-funded pension system in the nation, compounded by the fact that of all the states, the commonwealth is doing the worst at paying off its pension debt.

Kentucky Retirement Systems (kyret.ky.gov)

Gov. Matt Bevin’s attorney says the office will appeal a judge’s ruling that temporarily blocks the governor’s removal of the former chair of one of the state’s pension boards.

iStockPhoto

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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