Tagged: pension

Local state legislators join a pension expert for a roundtable discussion at Murray State University this Saturday. Keynote speaker Cameron Smith is the policy director for the Alabama Policy Institutes and co-authored the Alabama study on pensions.

  Another downgrading in Kentucky’s financial outlook has the state’s business leaders calling on the General Assembly for immediate pension reforms.

With its pension funds are the most underfunded in the U.S., and a shortfall approaching $100 billion, Illinois lawmakers will meet again next week in hopes of fixing the problem. Solutions other states adopted as long as five years ago are on the table. They include higher retirement ages, asking workers to contribute more and switching to 401(k)-style plans.

State employees with higher pensions should pay more to help the underfunded systems recover, Kentucky House Speaker Greg Stumbo said in a recent interview.

One thing Stumbo doesn't want to see is lawmakers floating bonds to help pay for the state’s underfunded pensions.