Tag: retirement system
Exclusive: Kentucky Retirement’s Executive Director Says Proposed Board Split Will Increase Taxpayer Burden
Citing under-representation in the current KRS board, the system puts forth legislation to establish its own panel.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Audit reveals a lack of internal controls may have misappropriated funds within the retirement system.
Pension’s unfunded liabilities making it difficult to hire, retain teachers.