State Rep. Gerald Watkins (D-Paducah) is looking to sponsor a bill that will change the penalties for violent and non-violent crimes under Kentucky law.
The Paducah democrat says he's currently in the pre-filing process of introducing legislation to revise Kentucky state law to re-classify attempted murder from a non-violent crime to a violent-crime. Violent crime offenders must serve a longer percentage of their sentence before being eligible for parole.
Originally published on Fri September 12, 2014 12:31 pm
Kentucky Retirement Systems, which runs the $16 billion pension and health care funds for state, city and county workers and retirees, will be providing more detail about the fees it pays to the managers of its so-called “alternative” investments.
An attempt at mediation between state lawmakers and a Louisville mental health nonprofit over its bankruptcy has yielded little progress. Earlier this month, member of Seven Counties Services and a handful of state lawmakers met to discuss what, if any, deal could be reached over the nonprofit’s bankruptcy filing.
About 340,000 state, city, & county workers and retirees are part of the Kentucky Retirement Systems. The KRS is responsible for $15.7 billion of pension-holder money and is one of the more under-performing pension funds in the U.S.
It has a $17.6 billion shortfall as of mid-2013. It's also one of the least transparent. State law exempts KRS investments from open records laws, so if you're one of the 340,000 who wants to know where your money's going, you're out of luck.
Kentucky's underperforming retirement system for state employees keeps secret details of its so-called "alternative investments," and critics are calling for more transparency so the risks and potential pratfalls can be fully assessed.
In its latest story, the Kentucky Center for Investigative Reporting looks at the secrecy behind where the Kentucky Retirement Systems makes its alternative investments—and the concerns it raises.
A Kentucky city is suing the state's public pension system over its investment of county employees' retirement money into "risky" hedge funds.
An attorney for Ft. Wright, a northern Kentucky city of 5,700, filed a class-action lawsuit Monday alleging that Kentucky Retirement Systems improperly used money from one of its subsidiary funds to make investments that were illegal under state law.