pensions

Kentucky Retirement Systems (kyret.ky.gov)

Incoming state Auditor Mike Harmon is calling for the resignation of the executive director of the state’s most under-performing pension system.

The Kentucky Retirement Systems Board of Trustees recently extended the contract of Executive Director Bill Thielen and gave him a 25 percent raise.

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Illinois' multibillion dollar pension crisis has prompted a rising number of lawmakers to say they won't accept their legislative pension.

Chicago Press Release Services

Illinois Lt. Gov. Sheila Simon says funding for the state's veterans homes is being threatened by a growing public pension burden. Simon visited the Adjutant Illinois Veterans Home in Anna Thursday to celebrate the holiday season with residents and highlight the service the homes provide. The state operates homes in Anna, LaSalle, Manteno and Quincy but has cut funding for them.

Illinois Governor Pat Quinn is hinting his so-called grassroots campaign to rally support for an overhaul of the state's pension system will involve social media and the Internet.  Lawmakers have failed to come up with a plan to deal with the roughly $85 billion pension funding gap. Legislators couldn't agree on an approach during a special session last month.  

A Kentucky Republican lawmaker is attempting to end the pension program for legislators.

State Representative David Floyd says Kentucky’s part-time lawmakers shouldn't get pensions. But currently they do, and some lawmakers are able to fatten their pensions by taking higher-paying jobs elsewhere in government, then collecting a pension for the higher salary after they retire.