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Republican lawmakers in Kentucky say proposed changes to one of the country's worst-funded public pension systems will save taxpayers $4.8 billion over the next 30 years while completely eliminating a crushing $42 billion debt.

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A new proposal to overhaul Kentucky’s public pension systems has been filed in the state Senate. Senate Republican leaders say it differs greatly from a version pushed by Gov. Matt Bevin last fall.

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After weeks of behind-the-scenes work, Republican leaders in Kentucky sounded upbeat Friday about the prospects of overhauling one of the country's worst-funded state pension systems.

Stu Johnson, WEKU News

With just under three weeks of Kentucky legislative activity on the books, leaders of the General Assembly remain unsure when action on pension reforms will occur. No pension bill has been filed thus far in the House or Senate.

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Lawmakers return to Frankfort this week for the 2018 General Assembly and are slated to make changes to the state’s pension systems, craft a new two-year budget and consider a variety of other legislation. 


A group of former and current public workers is suing three hedge funds for selling risky investments and overstating returns to the agency that manages Kentucky's struggling pension fund. 


A leader of Kentucky’s state senate says a “watered down” version of Gov. Matt Bevin’s pension proposal is being drafted but it would still shift future workers onto 401(k)-type retirement plans.

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State legislators say a special session to discuss Kentucky’s ailing pension system probably won’t happen this year.

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The executive director of the Kentucky Retired Teachers Association and their predecessor will discuss at a meeting in Murray next month the governor’s proposed changes to the pension system. 

J. Tyler Franklin / WFPL

Kentucky's Republican governor said he still plans to call a special session of the state legislature to make changes to the state's troubled public pension system.