Teacher pensions still in danger as legislature nears end of session

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For The Oldham Era Published: March 18, 2015 By RAE HODGE Approximately 50 percent of Kentucky’s 40,000 public school teachers are already eligible to retire. If all–or even most–retire this year, they might not have a pension to retire on. The state’s public school teachers aren’t allowed to draw Social… Continue reading

Kentucky House Speaker: Let Teachers’ Retirement System Issue $3.3 Billion in Bonds

For WFPL News Published: January 9, 2015 By RAE HODGE FRANKFORT — Kentucky’s state-funded teacher pensions are in a $14 billion hole, and House Speaker Greg Stumbo says he may have a solution. Stumbo said the state could re-invest in the underfunded Kentucky Teacher Retirement System by allowing KTRS to issue… Continue reading

Warm Welcome Expected for Local Option Sales Tax in Kentucky Senate

For WFPL News Published: January 7, 2015 By RAE HODGE FRANKFORT— Democratic and Republican leaders in the Kentucky legislature are in a rare moment of accord on a top issue at the start of the 2015 session. Senate President Robert Stivers, a Manchester Republican, and House Speaker Greg Stumbo, a Democrat… Continue reading

Kentucky House Democrats’ Top Priority: The Local Option Sales Tax

For WFPL News Published: December 19, 2014 By RAE HODGE FRANKFORT—Kentucky Democratic House leaders announced Friday that their highest priority in the upcoming legislative session will be passing a bill allowing local governments to enact local option sales taxes. The legislation, designated House Bill 1, would allow local governments to… Continue reading

Kentucky Pension Oversight Board Gets Update on KRS Underfunded Liabilities

For WFPL News Published: December 15, 2014 By RAE HODGE FRANKFORT — Kentucky Retirement Systems executive director Bill Thielen says losses from the 2008 economic downturn have finally been recovered after the conclusion of a five-year debt reduction plan, but Kentucky isn’t out of the woods yet. The Kentucky Pension Oversight… Continue reading