A.G. Beshear Declares KY Pension Substitute Still Illegal
Cites issues with teachers’ COLA reductions.
Cites issues with teachers’ COLA reductions.
Attorney General reveals letter citing 21 legal violations with bill hours before meeting.
SB 1 contains a variety of changes from Gov. Bevin’s controversial October bill.
Teachers to now choose between two plans in new reform.
General Assembly, pension advocacy group, Democratic Party publicly respond via social media, local radio.
Ruling states Bevin violated public access laws upon November refusal.
Public pensions would get 100% of proceeds from license fees and taxes for 20 years.
Proposals not addressed at state budget meeting.
Bill is being analyzed in accordance with impact on state budget.
Officials hope reform is adopted before next fiscal year begins.
Plaintiffs allege the retirement system should have stayed with more vanilla index investments.
Worried about fiscal year budget shortfall.
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Coalition calls for less generous plans, but nixes switch to DC.
Teachers, hazard workers to keep current benefits until 27 years of service is reached.