Kentucky Teachers Retirement

Ryland Barton, WFPL


Thousands of Kentucky teachers hoisted signs and chanted "we love our children" on Friday as they called on legislators to reject the Republican governor's vetoes and restore increases in education spending. / Flickr (Creative Commons License)

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

  Kentucky teacher pension officials are still asking for a $3.3 billion bailout of the system, saying it would increase the plan’s funded ratio from 53 percent to 66 percent and reduce the amount the state has to contribute.


A Jefferson County Public Schools teacher has filed a lawsuit against the Kentucky Teachers’ Retirement System over its lack of funding. Plaintiff and DuPont Manual High School teacher Randolph Wieck says the system that supports over 140,000 teachers in Kentucky is at least $20 billion dollars in debt.

“We have raced to the bottom and we’re neck and neck with the worst funded teachers plan in the country,” Wieck said.

New pension accounting standards could place Kentucky's teachers' retirement system among the worst-funded in the U.S.

The Kentucky Teachers’ Retirement System has been recognized nationally for its comprehensive annual financial report.

The Government Finance Officers Association of the United States and Canada gave the award for Excellence in Financial Reporting to the retirement system’s Chief Financial Officer Mark Whelan for the report’s “spirit of full disclosure.”


A group of Louisville teachers are planning to file a class-action lawsuit against the governor and leaders in the Kentucky General Assembly, claiming they violated the state's contract with teachers by deliberately underfunding teachers' retirement fund by billions of dollars.