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Kentucky Retiree Group Calls For Lawmaker Action on Pension Funding

Jim Carroll, co-founder of the Kentucky Government Retirees group, has penned a column in the Courier-Journal calling for lawmakers to explore and implement solutions to the funding crisis facing the Kentucky Employees Retirement System. Carroll explains how the KERS non-hazardous fund came to be one of the worst-funded systems in the country: Imagine ...
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Newspaper: Kentucky Pension System is Public Business

Pension360 covered the push last week by several Kentucky lawmakers to make the state’s pension system more transparent. But at least one lawmaker wasn’t on board with those plans. House State Government Committee Chairman Brent Yonts had this to say about his colleagues’ proposals, which included public disclosure of pension benefits, management ...
Credit: The Lexington Herald-Leader

Kentucky Non-Haz Pension Funding Falls to 21 Percent

The Kentucky Employees Retirement System (KERS-Non-Hazardous) is already notorious for being one of the worst funded pension plans in the United States. But the situation got worse Wednesday, as KERS revealed the funding status of the plan has fallen from 23 percent to 21 percent over the course of the last fiscal year. Retiree advocacy group Kentucky ...
KY shortfall breakdown

Chart: How Did Kentucky’s Pension System Become So Underfunded?

Here’s a chart of the funding situations of Kentucky’s largest public pension funds as of 2012. At 27 percent funded, the KERS non-hazardous fund was considered among the unhealthiest in the country. Since 2012, its funding ratio has dipped even further. But the entire system is experiencing big shortfalls. How did they get this way? Pension360 ...
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