Retirement

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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?

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. 

Unfunded Liabilities in Teacher Pensions Rising

Dec 13, 2012
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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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.

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.

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:

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

5/4 Front Page A.M.

May 4, 2012
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.

Lawmakers have given final approval to legislation that would make placement agents involved in financial investments for Kentucky's pension program subject to the state's ethics laws.  The legislation is an offshoot of a state audit that raised questions about the use of placement agents who advise the state about how to invest retirement funds for teachers and government workers.  The House voted 94-0 Thursday for final passage.  Democratic Rep.

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