pension

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A Daviess County lawmaker isn’t surprised by a consultant’s report released this week that shows how Kentucky’s pension systems became the worst funded in the nation. 

Sergey Kuzmin, 123rf stock photo

A financial consultation company Monday presented a report to the Public Pension Oversight Board describing how Kentucky’s pension systems became the worst funded systems in the United States.

Sergey Kuzmin, 123RF Stock Photo

Kentucky's public pension debt grew by roughly $2 billion on Thursday when state regulators made dramatic changes to long-held investment assumptions. 

Alexandra Kanik | Ohio Valley ReSource

Coal country is waiting to see if President Trump’s rollbacks of environmental regulations will boost the mining business. But some bipartisan proposals before Congress offer different ways to help. Ohio Valley ReSource reporters offer some analysis of three ideas that could help to mend mining country.

Becca Schimmel | Ohio Valley ReSource

Retired miners will not lose their health benefits, as had been feared, thanks to last-minute action from Congress. However, Congress did not act on the miners’ faltering pension benefits fund, which supports some 43,000 retired miners in the Ohio Valley region.

Sergey Kuzmin, 123rf Stock Photo

As Gov. Matt Bevin mulls whether to call a special session to deal with the state’s ailing pension system and tax structure, a class action lawsuit brought against the state by aggrieved teacher pensioners continues to make its way through the court system.

LRC Public Information

A bill that would separate the relatively healthy retirement fund for local governments from one of the state’s ailing pension systems is dead — despite a push from local officials.

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The Kentucky state Senate has agreed to make changes to three of the state's public pension systems.

Jacob Ryan-WFPL/Kentucky Public Radio

Gov. Matt Bevin delivered his second State of the Commonwealth address Wednesday night. It marked the first time in state history a Republican governor of Kentucky addressed a joint session of a Republican-led legislature.

Without congressional intervention, about 16,000 retired miners in seven states will lose their health care coverage by the end of the year.

A proposal to temporarily extend the benefits is working its way through Congress. But two Senate Democrats, who are advocates for a more comprehensive plan, say the temporary provision isn't enough.

They are threatening to hold up a spending bill that needs to pass by Friday night to keep the government running.

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