kentucky

Kentucky Pension Bond Bill Rejected, Amended in Senate

The Kentucky Senate has rejected a bill that sought to issue $3.3 billion in bonds to help ease the funding shortfall of the Kentucky Teachers’ Retirement system (KTRS). The bill passed the House late last month, but was stopped short in the Senate on Monday. Some lawmakers cited the risk of the bonds as a reason for the bill’s rejection; the success ...
kentucky

Kentucky Pension Bond Proposal Clears House

A bill aimed at easing Kentucky’s pension shortfall passed the House on Monday, less than two weeks after the bill came out of committee. The bill would allow the issuance of $3.3 billion in bonds to help ease the funding shortfall of the Kentucky Teachers’ Retirement system (KTRS). The proposal comes with risk: the success of the plan depends ...
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Kentucky Teachers’ Pension Bond Proposal Clears House Committee; Vote Could Come Next Week

Legislation is moving forward that would let the Kentucky Teachers Retirement System (KTRS) issue $3.3 billion in bonds to help ease the system’s funding shortfall. On Tuesday, the bill cleared Kentucky’s House Budget Committee without any opposition. The bill’s sponsor, House Speaker Greg Stumbo, said a House vote could be coming as soon as ...
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Top Kentucky Lawmaker Introduces Teacher Pension Funding Bill; Seeks $3 Billion in Bonds

Kentucky House Speaker Greg Stumbo has taken up the Teachers Retirement System on one of their funding proposals. Stumbo on Friday filed a bill calling for the issuing of $3.3 billion in bonds that will be used to fund the teachers system. More details from the Courier-Journal: Stumbo, D-Prestonsburg, said Friday that the retirement system could capitalize ...
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Kentucky Lawmakers to Push for Pension Reforms Before Funding Teachers’ System

The Kentucky General Assembly is considering issuing billions of dollars worth of bonds to help fund the state’s Teachers’ Retirement System (KTRS). But the funding may come with a catch as many lawmakers want to attach strings to the funds, which range anywhere from forcing new transparency requirements on the system to making benefit changes. From ...
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“You’ll Hear A Lot About Pensions” in 2015, Says Kentucky Chamber of Commerce President Amidst Push for Transparency

Early this month, the Kentucky Chamber of Commerce called for an audit of the Kentucky Retirement Systems – specifically, a review of its investment performance and policies. Now, the Chamber president and CEO is promising Kentucky residents that they’ll “hear a lot about pensions” in 2015 — the implication being that addressing the state’s ...
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State Funds For Kentucky Pension Systems Could Come With Strings Attached As Lawmakers Push For Pension Transparency

The Kentucky Teachers’ Retirement System (KTRS) and the Kentucky Employees Retirement System Non-Hazardous Plan (KERS Non-Haz) could both be in line for state money sooner than later. But there might be some strings to that state funding, as lawmakers push for more transparency around investments and placement agents associated with the pension systems. One ...
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Kentucky Teachers Pension Presents Bond Proposals To Lawmakers

We learned on Wednesday that the Kentucky Teachers’ Retirement System (KTRS), one of the most under-funded education retirement funds in the country, was seeking funding help from the state legislature. Now, many more details have emerged about the proposals the System has presented to lawmakers. KTRS presented lawmakers with two options. The Courier ...
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Kentucky Teachers’ Pension Asks Lawmakers For Funding Help; Will Present Bond Proposal

The Kentucky Teachers’ Retirement System is seeking help from the state legislature in easing its pension obligations. The plan involves the state issuing bonds. Details on the proposal are sparse, but KTRS officials will present their plan to lawmakers on Wednesday. From the Courier Journal: The Kentucky Teachers’ Retirement System is proposing ...
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