Kentucky Chamber asks business leaders to serve on pension task force
The Kentucky Chamber of Commerce is calling on the business community to assist in finding solutions to the state’s persistent pension problems by serving on…
Pensions
State won’t be able to just fund its way out of pension crisis, Ky. Chamber explains on KET
The Kentucky Chamber of Commerce noted Monday on KET that examining projections for the state’s woefully underfunded retirement systems shows that funding alone will not…
Kentucky Teachers’ Retirement System warns legislators of “tipping point,” expresses need for more funds
In the first briefing of the Kentucky Teachers’ Retirement System (KTRS) to the Public Pension Oversight Board (PPOB), KTRS Executive Director Gary Harbin said the…
Governor creates Teachers’ Retirement work group to address funding issues, appoints Chamber President
After much debate over the funding issues facing the Kentucky Teachers’ Retirement System (KTRS) during the 2015 session, Gov. Steve Beshear has taken executive action…
Lexington officials explain pension reforms that lead to success in their Police and Fire retirement fund
As legislators search for ways to shore up the state’s woefully underfunded pension systems, officials from a local government with a pension reform success story…
No easy fix for dire reality of underfunded pension system, experts tell Public Pension Oversight Board
There are no easy solutions for the funding issues facing the state’s retirement systems, according to experts testifying before the Public Pension Oversight Board Monday….
Pension transparency a main concern of the business community, Adkisson tells legislators
The Kentucky Chamber of Commerce has long been concerned about the unfunded liability of the Kentucky Retirement System and has advocated for a number of…
Auditor Edelen still interested in Chamber’s audit request, says systems need transparency
State Auditor Adam Edelen still feels a performance audit of the Kentucky Retirement System (KRS) is needed and says he will continue to work “hand…
Kentucky Chamber outlines qualifications for next Executive Director of KRS
As the Kentucky Chamber has previously reported, Kentucky Retirement System (KRS) Executive Director Bill Thielen will be retiring at the end of the year. With…
KRS to undergo actuarial audit, Exec. Director Thielen leaving system at end of year
The Kentucky Retirement System will undergo a level two actuarial audit this summer conducted by an outside firm the system has hired, according to KRS…