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Kentucky Governor’s Pension Plan Passes State House

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FRANKFORT, Ky. (AP) – Kentucky Gov. Matt Bevin’s pension-relief proposal has narrowly passed the state House after a more than three-hour debate as a midsummer special legislative session continues. The 52-46 vote Monday was a pivotal test for Bevin’s plan to assist regional universities and quasi-governmental entities strapped by surging retirement costs. Those agencies include… Read More

Bevin: Special Session on Pensions to Start Friday

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LOUISVILLE, Ky. (AP) – Kentucky Gov. Matt Bevin has called a special legislative session that will start on Friday in an effort to offer pension relief for regional universities and dozens of quasi-governmental agencies. The Republican governor announced the long-awaited special session in a press release issued by his office on Monday. The governor’s office… Read More

Bevin, Democratic Lawmaker Exchange Barbs Over Pension Plan

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FRANKFORT, Ky. (AP) – When Kentucky’s Republican governor reached out to lawmakers to outline changes to his pension-relief proposal, a Democratic representative read the electronic version but decided to make a point with the paper copy. Rep. Jeff Donohue sent the paper copy back unopened, the envelope marked “Return to Sender.” The Louisville lawmaker says… Read More

Speaker: Bevin Still Lacks House Votes For His Pension Bill

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FRANKFORT, Ky. (AP) – Kentucky House’s speaker says the governor still lacks the votes in the Republican-led House to pass his pension-relief proposal in a potential special legislative session. Speaker David Osborne told reporters Wednesday that some House members haven’t reached a “comfort level” with the proposal offered by Republican Gov. Matt Bevin. The speaker… Read More

Retired Miners Make One More Push For Pension Protection On Capitol Hill

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Retired coal miners joined lawmakers from the Ohio Valley on Capitol Hill Wednesday for another attempt to protect miners’ pensions. Pensions are at risk because of a downturn in the coal market, the lingering effects of the 2008 recession, and coal company bankruptcies which have all reduced the amounts companies paid into a shared, or multiemployer, pension… Read More

Kentucky Lawmakers Briefed on Governor’s Pension Measure

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FRANKFORT, Ky. (AP) – Kentucky lawmakers are being briefed on a new pension bill as Gov. Matt Bevin’s administration continues preparations for a special legislative session. Lawmakers met with members of Bevin’s team on Wednesday at the state Capitol. The measure is aimed at giving regional universities, county health departments and many other agencies relief… Read More

Kentucky GOP Trying Again With Teacher Pension Bill

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FRANKFORT, Ky. (AP) – Republicans in Kentucky are trying again with a bill that would make changes to the state’s troubled public pension plan for teachers. Republican Rep. Scott Lewis filed House Bill 504 on Wednesday. It would make changes to the retirement system for any teacher hired after Jan. 1, 2020. Teachers would still… Read More

Ohio Valley Senators Again Aim to Shore Up Shaky Pension Plan For Coal Miners

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Following a failed attempt to address a looming crisis in many multi-employer pension programs, two Ohio Valley lawmakers have introduced a bill in Congress to shore up the shaky pension plan for coal miners. The bill also aims to protect health benefits and restore funding for the federal trust fund providing benefits for thousands of… Read More

Agency Warns Pension Ruling A ‘Credit Negative’ For Kentucky

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FRANKFORT, Ky. (AP) – A Supreme Court ruling striking down changes to Kentucky’s troubled pension systems has earned a warning from one of the country’s largest credit ratings agencies. Moody’s on Thursday declared the court’s ruling a “credit negative” for Kentucky, saying it delayed reforms to the state’s severely underfunded pension plans that were set… Read More