Via kentucky.com By Dion Henry, Lexington Herald Leader July 29, 2017 Gov. Matt Bevin and lawmakers are threatening to switch newly hired public employees into a defined contribution 401(k)-style retirement plan. Others, including the Bluegrass Institute, are urging them to cut retirement benefits for current firefighters, nurses and teachers. Read the full article. Continue reading Retirement security of public employees across Kentucky is under siege.
via The State Journal, by Brad Bowman, state-journal.com, November 30, 2015 Kenton County Sheriff’s Deputy Damian Stanton will retire in January of next year and he is unsure after his 39 years of service if he, like many state retirees, will receive his pension benefits before the state’s ailing system reaches insolvency. Stanton filed a lawsuit against the Kentucky Retirement System (KRS) Board in September … Continue reading Kenton County Sheriff’s Deputy Files Suit Against Kentucky Retirement System
Via Kycir.org, By James McNair, Kycir.org August 24, 2015 Foiled in state court, a Jefferson County Public Schools teacher filed a federal court suit Monday claiming the Kentucky Teachers’ Retirement System illegally raised teachers’ share of pension contributions to shore up a retirement plan that is only half-funded. Randolph “Randy” Wieck, a history teacher at DuPont Manual High School, launched the legal battle last November … Continue reading Louisville Teachers File Federal Lawsuit Against State Over Underfunded Pensions