A nonprofit publication of the Kentucky Center for Public Service Journalism

Jim Waters: Fix state’s retirement systems; one idea: no more sick day accumulation to spike pensions

Legislators campaigning to hold on to their seats may be jittery about dealing with controversial pension reform, but the problems plaguing the state’s retirement systems don’t hibernate just because there’s an election. Despite record amounts of funding in recent years, the ailing Teachers’ Retirement System (TRS) is saddled with $14.5 billion worth of liabilities, remains under 60% funded...

Officials more optimistic about state retirement systems during oversight board appearance

By Tom Latek Kentucky Today Despite studies showing they are among the worst-funded pension programs in the nation, officials with some of the state’s retirement systems gave an optimistic outlook during appearances before the Public Pension Oversight Board this week. David Eager, executive director of the Kentucky Retirement Systems or KRS, told the panel on Monday that while they forecast that...