New tool calculates impact of proposed COLA adjustment on Kentucky’s current, retired teachers

The Kentucky Retired Teachers Association (KRTA) has released a tool for current and retired teachers to calculate the financial impact of Gov. Matt Bevin’s proposed pension cost-of-living adjustment (COLA) freeze. As part of pension reform, Bevin has called for suspending retired teachers’ annual 1.5 percent cost-of-living-adjustment (COLA) for a five years. The new COLA Suspension Calculator...

Tim Abrams: Governor’s proposed pension framework breaks promise to Kentucky’s teachers

Let’s remember how we got into this pension mess in the first place. Frankfort — not our current and retired teachers — failed to live up to its fiduciary responsibility to properly fund the Teachers’ Retirement System (TRS). Now, after nine years of insufficient funding and the loss of interest on those funds, Frankfort politicians want retired and current teachers to bail them out...

Kentucky’s Retired Teachers Association launches grassroots campaign to protect financial security

The Kentucky Retired Teachers Association (KRTA) has launched a statewide grassroots campaign to protect the earned retirement security of thousands of retirees who served a career educating children. The campaign will advocate for fairness and fight political leaders in Frankfort who support forcing retired teachers to bail out elected officials’ mismanagement of Kentucky’s teacher retirement...