What to do About Kentucky's Struggling Pension Systems? Task Force Makes...
Kentucky's state pension plans have problems, and a bipartisan legislative task force has approved sweeping recommendations to overhaul them -- including putting new employees in a hybrid plans akin to...
View ArticleStumbo: Make High Earning Kentucky Pensioners Pay More to Help Fund System
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...
View ArticleKRS To Receive $23 Million From BOA Settlement
The U.S. Department of Justice announced a $16.6 billion settlement between six states’ attorneys general and Bank of America Thursday over fraudulent mortgage-backed securities that fueled the 2008...
View ArticleKentucky Lawmakers Seeking Compromise On Teachers’ Pensions
House Speaker Greg Stumbo’s $3.3 billion bonding bailout of the Kentucky Teachers Retirement System won’t pass this session, but a smaller study-and-finance package may still be in the works. The...
View ArticleHeroin, Teachers Pension Solutions Elusive in Kentucky General Assembly
With two working days to go, Kentucky lawmakers still haven’t nailed down legislation to address the state’s growing heroin problem and it’s ailing teachers pension system. On Friday, legislators from...
View ArticleHead of Kentucky Chamber Hopeful Lawmakers Will Support Pension Changes,...
The head of Kentucky’s Chamber of Commerce says he’s not giving up hopes that lawmakers will fix the state’s troubled pension systems. Dave Adkisson says his group was disappointed that the recent...
View ArticleKentucky Treasurer Seeks To Block KRS From Paying Ousted Chair’s Legal Fees
Kentucky Treasurer Allison Ball filed legal papers today to overturn the state pension system’s payment of $50,000 to cover the cost of its ousted chairman’s lawsuit against Gov. Matt Bevin. Bevin...
View ArticleBevin, Legislative Leaders To Announce Proposal To Fix Pension Systems Wednesday
Gov. Matt Bevin and the Republican leaders of the state legislature will unveil a proposal to fix Kentucky’s ailing pension systems Wednesday morning. In a press release issued late Tuesday the...
View ArticleKentucky Speaker Says He Won’t Resign Over Alleged Sexual Harassment...
Kentucky House Speaker Jeff Hoover won’t step down from his position after news reports that he secretly settled a sexual harassment claim with a female employee. According to the Associated Press, at...
View ArticleBevin Claims Pension Overhaul ‘Still’ Has Votes To Pass Legislature
Gov. Matt Bevin says his proposal to overhaul Kentucky’s troubled pension systems has enough support to pass out of the state legislature, despite skepticism from lawmakers and intense opposition from...
View ArticleGOP Lawmakers Crafting New Pension Bill; Shift To 401(k)s Remains
A leader of Kentucky’s state senate says a “watered down” version of Gov. Matt Bevin’s pension proposal is being drafted but it would still shift future workers onto 401(k)-type retirement plans....
View ArticleKentucky Workers Suing Hedge Funds To Recover Pension Losses
A group of former and current public workers is suing three hedge funds for selling risky investments and overstating returns to the agency that manages Kentucky’s struggling pension fund. The lawsuit...
View ArticleKentucky Teachers Crowd Public Hearing Of New GOP Pension Bill
Hundreds of teachers and other state employees packed the Kentucky Capitol on Wednesday as Republican lawmakers presented their new plan to overhaul the state’s ailing pension systems. Supporters of...
View ArticleBevin Says Teachers Wrong To Oppose Pension Overhaul
Gov. Matt Bevin says teachers are wrongfully attacking him for pushing to overhaul the state’s ailing pension systems, saying they’re either “ill-informed or willfully blind.” The comment came in...
View ArticleFate of Kentucky's New Pension Law to Be Decided by July
A Kentucky judge says he plans to decide by July 14 whether he will block a new law making changes to Kentucky's troubled pension plan from taking effect. State lawmakers passed a law earlier this...
View ArticleKRS Director: Kentucky Retirement Systems Showing Slight Improvements
The head of Kentucky’s troubled pension system says there’s light at the end of the tunnel, but the light is a long way off. "For the past two years, we've been seeing increases in funding levels and...
View ArticleChief Justice Won't Remove Judge in Pension Case
Kentucky Chief Justice John D. Minton Jr. has denied a request by Republican Gov. Matt Bevin to disqualify a judge from ruling on a lawsuit challenging the legality of a bill that overhauls the state's...
View ArticleJudge Denies Bevin's Request To Amend Ruling Against Pension Bill
A judge has denied Gov. Matt Bevin’s request to reconsider a ruling that struck down changes to Kentucky’s pension system , which were originally set to go into effect this weekend. Franklin County...
View ArticlePension Arguments to be Aired on Statewide Television
Arguments before the Kentucky Supreme Court about the future of the state's public pension system will be broadcast live on statewide television. The Lexington Herald-Leader reports the Supreme Court...
View ArticleKentucky Supreme Court Hears Arguments Over Pension Bill
The Kentucky Supreme Court heard arguments over the state’s new pension law on Thursday, months after teachers and other government workers descended on Frankfort to protest changes to retirement...
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