Retirement

Government
6:28 am
Wed June 4, 2014

Kentucky City Sues State Pension System Over Risky Investments

Credit wikipedia.com

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.

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On Aging
9:36 am
Mon May 19, 2014

'Silver Tsunami' And Other Terms That Can Irk The Over-65 Set

Senior? Elder? Old? People past retirement age have different opinions about what they prefer to be called --€” so it probably can't hurt to ask.
iStockphoto

Originally published on Tue May 20, 2014 6:46 am

About one-fifth of the U.S. population will be 65 or older by the year 2030. NPR's Ina Jaffe covers this population — and says it's often difficult to find the right words to describe it.

"I realized what a minefield this was after I'd been on the beat just a few months," she says. "I did a profile of this 71-year-old midwife. She's still up all night delivering babies, and the headline on our website — and reporters ... do not write the headlines ... described her as 'elderly.'

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Pensions
6:21 am
Tue May 6, 2014

Why One Kentucky State Pension is Outperforming the Other

Credit Wikimedia Commons

It was the best of pensions, it was the worst of pensions.

In 2013, the $14.5 billion Kentucky Retirement Systems' investment portfolio drastically underperformed its cousin—the Kentucky Teachers Retirement System—by about $1 billion.

Moreover, last year the KRS underperformed the average public pension's investment plan by about $500 million.

What's the difference?

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Education
1:39 pm
Fri November 15, 2013

KCTCS President Announces 2015 Retirement

Credit Kentucky Community and Technical College System

Dr. Michael B. McCall, the founding president of the Kentucky Community and Technical College System, announced his retirement Friday from the system he created and led for 16 years. 

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Education
10:30 am
Thu December 13, 2012

Unfunded Liabilities in Teacher Pensions Rising

Credit mspmentor.net

A new report says teacher pensions across the country have an unfunded liability of nearly $325 billion. The National Council on Teacher Quality issued its findings today. Council Vice President Sandi Jacobs says one problem is retirement eligibility. In Kentucky, teachers can retire with full lifetime benefits after 27 years of service, regardless of age.

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Politics
6:00 am
Mon August 20, 2012

Gov. Beshear Advocates for "Hybrid Approach" to Pension Reform

Gov. Steve Beshear
flickr

Governor Steve Beshear says he's interested in a so-called hybrid approach to pension reform.

Lawmakers are discussing how to fix the flailing public pension plans for state and county employees. They'll make recommendations at the end of the year.

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Society
11:26 am
Wed June 20, 2012

Acting Younger, Living Longer, and Living Better in Calloway County.

Todd Hatton looks into studies that say college towns, and the young people who live there, can help older people live longer and more active lives.

Morning Cram
9:48 am
Thu May 31, 2012

morning cram [it's more comfortable for you to label me as insane edition]

Today on NPR: A study found psychiatric patients waited an average of 11.5 hours in hospital emergency rooms before being treated or released. That's in part because many hospitals have decided it's not economically viable to keep psychiatric wards open.

Prairie State Politics:

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Education
9:31 am
Thu May 31, 2012

Madigan drops effort to shift pension costs

Illinois House Speaker Michael Madigan says he's dropping his proposal to make state schools and colleges pay employee retirement costs.  

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Front Page A.M.
8:33 am
Fri May 4, 2012

5/4 Front Page A.M.

LRC Public Information

Murray’s Ken Winters is a lifelong educator and spent the last 8 years as a State Senator. He’s retiring. We speak with Senator Winters, and look at  horse racing technology ahead of this weekend’s Kentucky Derby on Front Page A.M. from WKMS News.

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