Pension Bill for Quasis Jeopardizes Workers and Retirees, Increases State Costs Without Way to Pay
The pension bill that passed the General Assembly last week, House Bill 358, reduces retirement security for future employees and...
Letter to Legislators: Quasis Need True Relief
Dear Representative/Senator, As you consider how to provide needed relief for quasi-governmental agencies facing substantial pension increases, it is important to do so in ways that do not break legal...
Watch Out for Attack on Pensions on Session’s Final Day
The General Assembly adjourned for the veto period without providing relief from soon-to-spike pension costs to quasi-governmental organizations like regional universities and community mental health centers. The legislature can still...
Breaking Inviolable Contract for Quasi-Governmental Employees Would Result in Massive Loss of Benefits
Pension proposals for quasi-governmental organizations that attempt to break the inviolable contract for current employees will result in a huge loss of retirement income for those affected, with career employees...
Pension Bill Breaks Inviolable Contract, Shifts Contributions from Underfunded Plan
The Senate version of House Bill 358 essentially forces quasi-governmental agencies like health departments and community mental health centers to break the inviolable contract for pensions with their current employees...
Big Cut to Bank Taxes Is Not Cleanup
With just 3 days left of the 2019 General Assembly before the veto recess, now is the time to be concerned about the appearance of last-minute legislation to benefit special...
Kentucky Must Not Join Dangerous Threat to Constitution
A legislative committee will consider "for discussion only" on Monday HJR 87, a deeply alarming resolution calling for a new constitutional convention to rewrite the rules of American government. It...
Legislature Considering New Tax Subsidy for Private Schools Despite Backdrop of Public School Cuts
House Bill 205 proposes an expensive new tax break for private schools even though the current budget makes yet another round of cuts to K-12 public schools. The proposed subsidy will take...
Past Underfunding of Pensions Hurts in Multiple Ways
The conversation in the Public Pension Working Group has returned to debates about what caused Kentucky's plans to be poorly funded. Some are relying on analyses from groups like PFM...
Letter to the Public Pension Working Group
Dear Member of the Public Pension Working Group, Thank you for the opportunity to provide input to the Public Pension Working Group on this vital issue facing the commonwealth. I...