pension

Sergey Kuzmin, 123rf Stock Photo

An organization of current and retired Kentucky public school teachers has filed a class action lawsuit against Gov. Matt Bevin and legislative leaders for underfunding the teacher pension system, which lost $1.2 billion last year.

Kaspars Grinvalds, 123rf Stock Photo

Kentucky's troubled pension systems have continued their downward slide in 2016, with plans covering teachers and state employees losing more than $1.8 billion in value while obligations are increasing. 

WKU

  Western Kentucky University is seeking a declaratory judgment against the Kentucky Retirement System.  The feud relates to the pension benefits of former buildings and grounds workers.

iStockPhoto

Two of the Republican Party's top leaders have hesitated to support a bill that would preserve the pensions and health care benefits for thousands of retired union coal miners. 

LRC Public Information

House Speaker Greg Stumbo has called for an impromptu meeting of the state House of Representatives Tuesday to discuss the state’s troubled pensions systems.

Aleksey Butov, 123rf Stock Photo

Update Friday Afternoon:

Illinois’ payment to its largest public-pension fund is expected to increase by more than $400 million next year. The Teachers Retirement System trustees agreed Friday to lower the assumed rate of return on investments from 7.5% to 7%.

LRC Public Information

Kentucky's Speaker of the House Greg Stumbo has called a meeting of all state representatives to discuss the beleaguered public pension system. 

Rebecca Schimmel | Ohio Valley ReSource

Miners in Kentucky, Ohio, and West Virginia who helped keep the country’s lights on are worried that their retirement benefits could go dark as a result of a wave of bankruptcies in the coal industry. They hope Congress will approve a bill called the Miner’s Protection Act to shore up the pensions and health benefits promised to union miners. 

Kentucky Retirement Systems (kyret.ky.gov)

A western Kentucky dermatologist selected to replace a state pension board’s chairman has declined Governor Matt Bevin’s appointment. William Smith of Madisonville informed the governor in a letter that after careful consideration he decided to respectfully decline the appointment.

Kentucky Retirement Systems (kyret.ky.gov)

Governor Matt Bevin appointed a Madisonville dermatologist to the Kentucky Retirement Systems Board of Trustees Friday. William F. Smith, M.D. replaces Thomas K. Elliott.

Bevin removed Elliott earlier this week seeking “a fresh start” to for the beleaguered pension system.

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