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FRANKFORT, Ky. (AP) — Kentucky is more than $54 billion in debt, with estimated unfunded retirement benefits accounting for more than 80 percent of that figure. Republican Auditor Mike Harmon issued a report on Tuesday detailing the various sources of Kentucky’s debt. Pension liabilities were the largest, accounting for $43.3 billion. That’s the total number… Read More
The decision is a major victory for state employees, as well as for state Attorney General Andy Beshear as he runs to unseat Gov. Matt Bevin, who championed the controversial law.
Retired coal miners and coal community activists are on Capitol Hill this week urging action on two important issues for miners: pensions and black lung benefits. Advocates say funds supporting both pensions for retired miners and the federal benefits for those sickened by black lung disease are at risk if Congress does not act. Pension… Read More
LOUISVILLE, Ky. (AP) – A Kentucky judge has struck down a new public pension overhaul law that angered thousands of teachers who marched on the state Capitol and closed dozens of school districts in protest. Franklin County Circuit Judge Phillip Shepherd ruled Wednesday that the process the Republican-led legislature used to enact the law violated… Read More