Tagged: pension

After being heavily criticized for their use, Kentucky’s major pension program says it hasn't used a placement agent for three years.

Placement agents are investing middle men that direct pension funds to investment opportunities. Kentucky has not had a good track record with placement agents, who have been accused of mismanaging millions for the pension funds according to a 2011 audit.

After years of lawmakers attempting to find solutions to the state’s underfunded pension problems, a group of Republican legislative candidates are hoping to institute a plan of their own.

At a news conference today at the Capitol, the majority of Republican challengers in House and Senate races endorsed a plan to put new lawmakers into a 401k style pension system.

The challengers say if elected their plan would be the first bill they jointly introduce. And they would include themselves in the new 401k plan.

Today on NPR: How The Smokey Bear Effect Led To Raging Wildfires

A task force looking for ways to cover Kentucky's $19-billion public pension shortfall will explore the idea of borrowing enough money to bridge the gap through the sale of government bonds. The Task Force on Kentucky Public Pensions is expected to review that option at a meeting in September. 

A former financial planner for the Kentucky Pension Systems says an international banking scandal is leading to millions of dollars in losses for Kentucky agencies.

A group of Kentucky lawmakers has a new summer assignment shoring up the state'’s failing pension systems.