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The Ohio House passes a bill to boost police pension contributions by cities, but its future is uncertain
By: Karen Kasler | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — A bill to require municipalities to increase their pension contributions $80 million a year more toward pensions for law enforcement passed the House with… Read More
Biden’s COVID-19 Bill Championed As A Boon For Failing Ohio Valley Pensions
By: Liam Niemeyer | Ohio Valley ReSource
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MURRAY, Ky. (OVR) — Major unions and one of their leading allies in the U.S. Senate are hailing tens of billions of dollars allocated for shoring up struggling union pension… Read More
Retired Huntington Workers Won’t Have to Return Overpaid Pensions
By: Associated Press
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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… Read More
After Nearly A Decade Of Anxiety Over Pensions, Coal Miners See Light At The End Of The Tunnel
By: Becca Schimmel | Ohio Valley ReSource
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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… Read More
Bill Addresses Pensions, Health Care for Miners, Retirees
By: John Raby | AP
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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… Read More
Murray Energy’s Bankruptcy Could Bring Collapse of Coal Miners’ Pensions
By: Becca Schimmel | Ohio Valley ReSource
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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… Read More
Kentucky Supreme Court Hears Arguments in Pension Case
By: Associated Press
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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… Read More
Ky. Lawmaker: Pension Audit Will Result in Follow-up Legislation
By: Bruce Schreiner | AP
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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… Read More
Supreme Court Says Nonprofit Must Pay Pension Liability
By: Associated Press
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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… Read More
Kentucky Auditor: Pension Funds Not Following Transparency Law
By: Associated Press
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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… Read More
Kentucky Finds 1,000 Teachers Violated Law During ‘Sickouts’
By: Associated Press
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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…. Read More
Kentucky Pension Law Seen as ‘Negative’ for Credit Rating
By: Bruce Schreiner | AP
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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… Read More
Kentucky Governor Signs Pension-Relief Measure
By: Associated Press
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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… Read More
Kentucky Lawmakers Pass Pension-Relief Bill
By: Associated Press
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FRANKFORT, Ky. (AP) – Kentucky lawmakers have given final approval to a pension-relief bill and sent it to Gov. Matt Bevin. The Senate voted 27-11 Wednesday to pass the bill… Read More
Pension-Relief Measure Clears Kentucky Senate Committee
By: Associated Press
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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…. Read More
Kentucky Governor’s Pension Plan Passes State House
By: Associated Press
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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… Read More
Bevin: Special Session on Pensions to Start Friday
By: Associated Press
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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… Read More
Bevin, Democratic Lawmaker Exchange Barbs Over Pension Plan
By: Associated Press
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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… Read More
Speaker: Bevin Still Lacks House Votes For His Pension Bill
By: Associated Press
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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… Read More
Retired Miners Make One More Push For Pension Protection On Capitol Hill
By: Becca Schimmel | Ohio Valley ReSource
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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,… Read More
Kentucky Lawmakers Briefed on Governor’s Pension Measure
By: Associated Press
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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… Read More
Kentucky Governor Vetoes Pension Bill
By: Associated Press
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FRANKFORT, Ky. (AP) – Kentucky Gov. Matt Bevin has vetoed a pension bill that was aimed at providing relief to some state-funded agencies struggling with ballooning retirement payments. Governor Bevin… Read More
Kentucky GOP Trying Again With Teacher Pension Bill
By: Associated Press
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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… Read More
Ohio Valley Senators Again Aim to Shore Up Shaky Pension Plan For Coal Miners
By: Becca Schimmel | Ohio Valley ReSource
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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… Read More
Agency Warns Pension Ruling A ‘Credit Negative’ For Kentucky
By: Associated Press
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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… Read More