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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

The Kentucky Statehouse

Kentucky Governor Signs Pension-Relief Measure

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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 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

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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. 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

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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

The Kentucky Statehouse

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

Kentucky on a map

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

The Kentucky Statehouse

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

West Virginia Sen. Joe Manchin with miners on Capitol Hill.

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

The Kentucky Statehouse

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

The Kentucky Statehouse

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

Retired miners begin a meeting with the pledge of allegiance.

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

Kentucky on a map

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

Kentucky Gov Calls Legislature In Session For Pension Vote

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FRANKFORT, Ky. (AP) – Kentucky’s Republican governor has called the state legislature back in session to consider changes to the state’s troubled public pension system. Gov. Matt Bevin issued a proclamation calling the legislature back in session at 8 p.m. EST Monday. The decision comes four days after the state Supreme Court struck down a… Read More

Pensions At The Polls: Will Concern Over Shaky Plans Show Up On Election Day?

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Thousands of union coal miners and their families gathered this summer in Columbus, Ohio, wielding signs and wearing camouflage United Mine Workers of America shirts. UMWA President Cecil Roberts led the crowd in a call-and-response chant. “I want you to send a loud, clear signal that we are one! We are one!” But the miners… Read More