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Huntington, West Virginia skyline

Retired Huntington Workers Won’t Have to Return Overpaid Pensions

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HUNTINGTON, W.Va. (AP) — A West Virginia city isn’t going to force retired police officers and firefighters to return miscalculated and overpaid pension payments. The Herald-Dispatch reports the Huntington City Council decided Monday to keep the overpaid pensions where they are and correct any underfunded pensions. Those whose pensions were underpaid will also receive back pay…. Read More

Retired miners begin a meeting with the pledge of allegiance.

After Nearly A Decade Of Anxiety Over Pensions, Coal Miners See Light At The End Of The Tunnel

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Union coal miners and retirees breathed a collective sigh of relief after the U.S. Senate passed a spending bill that includes support for miners’ pensions, which had been at risk due to the coal industry’s downturn. The bill, which funds the federal government for the coming year, also includes The Bipartisan American Miners Act which secures pension… Read More

Senate Majority Leader Mitch McConnell of Ky.

Bill Addresses Pensions, Health Care for Miners, Retirees

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CHARLESTON, W.Va. (AP) — Senate Majority Leader Mitch McConnell is co-sponsoring a bill with West Virginia’s two U.S. senators and others aimed at preserving the pensions of about 92,000 retired coal miners, as well as the health-care benefits of another 13,000 working miners. Democrat Joe Manchin and Republican Shelley Moore Capito of West Virginia announced… Read More

Retired Kentucky miner Virgil Stanley at a UMWA rally for pension protections.

Murray Energy’s Bankruptcy Could Bring Collapse of Coal Miners’ Pensions

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The recent bankruptcy of Ohio Valley coal giant Murray Energy has renewed fears about the already shaky financial foundations of the pension plan that tens of thousands of miners and their families depend upon. The seismic collapse of yet another coal employer has lawmakers from the region renewing their push to fix the United Mine Workers pension… Read More

A gavel in front of some legal books

Kentucky Supreme Court Hears Arguments in Pension Case

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FRANKFORT, Ky. (AP) – Government employees in Kentucky who sued over state investment decisions have taken their case to the state’s Supreme Court after a lower court said they lacked standing to file suit. The Supreme Court heard arguments in the case Thursday. The fraud lawsuit was filed two years ago by a group of… Read More

The Kentucky Statehouse

Ky. Lawmaker: Pension Audit Will Result in Follow-up Legislation

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FRANKFORT, Ky. (AP) — A Kentucky audit that found two public pension systems falling short of complying with a law requiring more transparency will result in follow-up legislation, a veteran lawmaker said Monday. Republican state Sen. Jimmy Higdon predicted that the next round of legislation in 2020 will try to bring the pension systems in… Read More

An outline of Kentucky

Supreme Court Says Nonprofit Must Pay Pension Liability

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FRANKFORT, Ky. (AP) – The Kentucky Supreme Court has ruled that a nonprofit mental health provider can’t use bankruptcy to escape its financial obligations to the state pension system. The Lexington Herald-Leader reports the unanimous ruling on Thursday could help protect the financial viability of one of the country’s worst-funded public pension systems. Louisville mental… Read More

Kentucky on a map

Kentucky Auditor: Pension Funds Not Following Transparency Law

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FRANKFORT, Ky. (AP) – Kentucky’s state auditor says two of its largest public pension systems haven’t been properly disclosing information about how they invest money and pay investment managers in the spirit of a 2017 law requiring more transparency. News outlets report State Auditor Mike Harmon held a news conference Tuesday morning in Frankfort to… Read More

Teachers from across Kentucky gather inside the state Capitol to rally for increased funding for education, Friday, April 13, 2018, in Frankfort, Ky.

Kentucky Finds 1,000 Teachers Violated Law During ‘Sickouts’

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FRANKFORT, Ky. (AP) – Kentucky’s labor secretary says more than 1,000 teachers violated state law by participating in mass rallies at the state Capitol that forced some schools to close. But Labor Secretary David Dickerson says no penalties will be assessed. Dickerson is part of Republican Gov. Matt Bevin’s administration. Dickerson said Friday that his… Read More

Kentucky Pension Law Seen as ‘Negative’ for Credit Rating

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FRANKFORT, Ky. (AP) — Kentucky’s new pension law looms as a “negative” for the state’s credit rating, according to a credit rating agency’s report. Gov. Matt Bevin, who urged lawmakers to enact the law, said Monday he wasn’t surprised by the Moody’s report, saying it backs up his claims that considerably more work is needed… Read More