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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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Kentucky Pension Director: Fewer Active Workers, More Retirees Is Problem For Fund

Kentucky Retirement Systems (KRS) executive director Bill Thielen spoke in front of the state’s Pension Oversight Board on Monday, and revealed an as-yet unaddressed trend that spells bad news for the pension system. The trend involves the balance of active workers to retirees receiving payouts – and the balance is not shifting in the pension system’s ...
CREDIT: The Center For Retirement Research

Kentucky Retirement System Lowers Return Assumption; More State Money On Way

The Kentucky Retirement System has lowered its assumed rate of return on investments from 7.75 percent to 7.5 percent. The reduced assumption means the system will experience an uptick in unfunded liabilities, but it also ensures a higher annual payment from the state. The action took place at a Board of Trustees meeting on Thursday. More details from ...
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Kentucky Pension Committee Recommends Measures For Funding Improvement, Other Policy Changes

Kentucky’s Public Pension Oversight Board, a panel of lawmakers that “assists the General Assembly with its review, analysis, and oversight” of the Kentucky Retirement Systems (KRS), has made 13 recommendations aimed at improving the health of KRS and altering other KRS policies. A handful of the key recommendations, from the Courier-Journal: – ...
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 ...
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