kentucky retirement systems

Sergey Kuzmin, 123rf stock photo

Governor Matt Bevin and state GOP leaders recently unveiled a proposal to overhaul the state's beleaguered pension systems. But what does it mean for teachers and other state workers? How will this plan affect people who aren't in the pension systems? Many agree something needs to be done about the state's pension crisis. So, if not this plan, then what could work as an alternative?

Sergey Kuzmin, 123rf stock photo

An independent consulting group says Kentucky lawmakers should take away some cost-of-living raises awarded to state retirees over the past 20 years as part of a strategy to keep the retirement systems solvent.

Ryland Barton

Kentucky’s attorney general is continuing criticism of Gov. Matt Bevin’s purchase of a mansion in suburban Louisville.

Kentucky Retirement Systems (kyret.ky.gov)

A Kentucky judge says he is reconsidering his order to reinstate former chairman Thomas Elliot to the Kentucky Retirement Systems board.

According to Elliott’s attorney, Elliott did not attend a special meeting of the board last week because of scheduled work meetings. 

Alexey Stiop, 123rf Stock Photo

Democratic lawmakers criticized one of the state retirement systems’ use of hedge funds after reports showing the practice hasn’t paid off in recent years despite hefty, often secretive fees for investment managers.

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.

J. Tyler Franklin/WFPL News

UPDATE: A Frankfort judge has blocked Governor Matt Bevin’s removal of the chair of the Kentucky Retirement Systems board, but he’s allowing the governor’s reorganization of that agency’s board of directors to remain.

Kentucky Retirement Systems (kyret.ky.gov)

  The past fiscal year was tough for Kentucky Retirement Systems with investments showing a total fund loss of .52 percent of a $14.9 billion dollar system.  According to KRS Executive Director William Thielan the group projected positive gains until Brexit hit Europe, affecting an already volatile market.

Ryland Barton, WFPL

The latest legal challenge against Gov. Matt Bevin had its first hearing Thursday — Attorney General Andy Beshear is attempting to join a lawsuit contesting Bevin’s reorganization of the Kentucky Retirement Systems board, which manages retirement funds for state workers.

Rob Canning, WKMS

Attorney General Andy Beshear is suing Gov. Matt Bevin for abolishing and then reinstating the boards of trustees of both the University of Louisville and Kentucky Retirement Systems, the state agency that manages the pensions of most state employees.

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