Risk
Kentucky Makes Changes to Free Pension from Funding ‘Death Spiral’
Proposed liability-based model would protect employers from contribution rate increases.
Tag: Kentucky
Kentucky Retirement System’s Unfunded Liabilities Continue to Soar
Longer life expectancies and lower than expected employee turnover figures contribute to the state’s pension woes.
Regulation
Kentucky Retirement System’s Strategy to Get Legal Victory Against Agency
State Supreme Court opinion says Seven Counties owes KRS contributions.
Regulation
Auditor Says Kentucky Pensions Not Compliant with Transparency Laws
KRS says the report is ‘highly flawed’ and ‘unfairly slammed’ its efforts.
Regulation
Moody’s: Kentucky Pension Reform Is a Negative for State’s Credit Rating
Credit agency says the reform only pushes costs into the future. Gov. Bevin says he’s ‘not surprised.’
Newsmakers
Kentucky Finally Passes a Pension Reform
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
Newsmakers
Kentucky House Narrowly Approves Gov.’s Pension Bill
Proposal is expected to pass in the Senate Wednesday.
Regulation
Kentucky Tries to Head Off Looming Pension Crisis
Gov. Matt Bevin asks special session of legislature this time to revamp quasi-government agencies’ retirement plans.
Kentucky Pension Lawsuit Alleging Hedge Fund Fraud Dismissed
Court rules plaintiffs couldn’t demonstrate how they had been damaged.
Newsmakers
Kentucky Left to Try, Try Again on Pension Overhaul
State senator, the running mate of GOP Gov. Bevin, vows to come up with an alternative to bill Bevin vetoed.
Newsmakers
Fund Managers Countersue Kentucky for ‘Wasteful’ Lawsuit
Blackstone and Prisma lawyer up to get their money back from ‘meritless’ case.
Regulation
Kentucky Bill Would Allow Institutions to Leave Troubled Retirement System
Opponents call bill ‘idiotic and irresponsible.’
Regulation
Odds Improving that Kentucky Will Pass Sports Betting to Help Bolster Pensions
However, bill would need 60 of 100 House votes to pass.
Newsmakers
New CIOs, Possible Teachers Pension Overhaul for Kentucky
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Regulation
New Kentucky Pension Group Forms to Try Bypassing Stalemate
Bipartisan division will try to analyze the state’s funding gap and develop passable pension proposals by mid-February.