Archive

You are viewing the "pensions" Archives

An outline of Kentucky

Supreme Court Says Nonprofit Must Pay Pension Liability

By:
Posted on:

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 Auditor: Pension Funds Not Following Transparency Law

By:
Posted on:

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’

By:
Posted on:

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

By:
Posted on:

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

The Kentucky Statehouse

Kentucky Governor Signs Pension-Relief Measure

By:
Posted on:

FRANKFORT, Ky. (AP) – Kentucky Gov. Matt Bevin has signed into law a pension bill aimed at relieving regional universities and community social services agencies from crushing retirement costs. The signing ceremony on Wednesday came a couple of hours after the bill won final passage in the Senate. Bevin was joined by lawmakers and stakeholder… Read More

The Kentucky Statehouse

Pension-Relief Measure Clears Kentucky Senate Committee

By:
Posted on:

FRANKFORT, Ky. (AP) – Kentucky Gov. Matt Bevin’s pension-relief proposal is one step away from final passage after winning approval from a Senate committee as a special legislative session continues. The Senate State and Local Government Committee advanced the bill on Tuesday without making any changes. That sets the stage for a vote in the… Read More

The Kentucky Statehouse

Kentucky Governor’s Pension Plan Passes State House

By:
Posted on:

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

The Kentucky Statehouse

Bevin: Special Session on Pensions to Start Friday

By:
Posted on:

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

By:
Posted on:

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