Public pensions are the hot topic of conversation in Kentucky these days. Governor Matt Bevin has pledged to call a special legislative session this fall, most likely in October, to address the challenges facing the state’s public pension systems. Bevin …
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Traditional defined benefit pensions remain the most common retirement plan for public sector employees. 84 percent of state and local government employees have access to a pension. Increasingly, however, anti-pension ideologues say public employees should be given a choice between …
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LEXINGTON – Today, the Kentucky Public Pension Coalition (KPPC) expressed disappointment that PFM used its Pension Performance and Best Practices Analysis to promote Governor Bevin’s political agenda, rather than to offer constructive solutions for Kentucky’s pension systems. PFM’s 401(k) “solution” …
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Those who do not learn from history are doomed to repeat it – and it’s prime time for Kentucky lawmakers to learn a history lesson. Kentucky’s public pension funds face very real challenges, caused by decades of underfunding on behalf …
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Welcome to the latest edition of This Week in Pensions! As we do most weeks, we have gathered the best stories about pensions and retirement security from the previous week. This is the news you need to know in the …
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Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America’s public pension funds are stable. We explore the roots behind the …
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