kentucky teachers retirement system

Matt Markgraf / WKMS

The executive secretary of the Kentucky Teachers' Retirement System says the system is in good shape and legislators in this past session are to thank. He also credited the KTRS Board of Trustees and teacher groups like the Calloway County Retired Teachers Association for their lobbying efforts.

Stu Johnson, WEKU

 

Kentucky's Republican governor has signed a bill into law that makes changes to the state's troubled public pension systems over the loud objections of the state's teachers.

Ryland Barton

  Kentucky’s Democratic attorney general says he’ll go to court to challenge the pension overhaul bill passed by lawmakers in the Republican-controlled General Assembly Thursday night.

niroworld, 123rf Stock Photo

A federal judge has dismissed a lawsuit that challenged Kentucky’s historical underfunding of the state’s teacher pension system, but the plaintiffs say they will file the lawsuit again in a state court.

Sergey Kuzmin / 123rf Stock Photo

As Gov. Matt Bevin mulls whether to call a special session to deal with the state’s ailing pension system and tax structure, a class action lawsuit brought against the state by aggrieved teacher pensioners continues to make its way through the court system.

Sergey Kuzmin, 123rf Stock Photo

An organization of current and retired Kentucky public school teachers has filed a class action lawsuit against Gov. Matt Bevin and legislative leaders for underfunding the teacher pension system, which lost $1.2 billion last year.

Kaspars Grinvalds, 123rf Stock Photo

Kentucky's troubled pension systems have continued their downward slide in 2016, with plans covering teachers and state employees losing more than $1.8 billion in value while obligations are increasing. 

LRC Public Information

  Six state lawmakers are being tasked with finding solutions to Kentucky’s under-funded retirement system for public school teachers. 

Legislators debated a plan in this year’s General Assembly session that would have borrowed more than $3 billion in bonds to shore up KTRS. 

lrc.state.ky.us

  Kentucky teacher pension officials are still asking for a $3.3 billion bailout of the system, saying it would increase the plan’s funded ratio from 53 percent to 66 percent and reduce the amount the state has to contribute.

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