Year-End Results Show Progress Made on Pensions in Last Budget
New reports on Kentucky's public pension systems show substantial funding progress thanks to sharply increased contributions to the plans in...
Senate Votes to Give Massive Tax Cuts to Corporations and the Wealthy While Harming Middle Class and Working Kentuckians
Following Senate passage of the Republican tax bill, Jason Bailey, executive director of the Kentucky Center for Economic Policy, released the following statement: “Both the Senate and House tax bills...
Plan to Front-Load Pension Payments Would Create Crisis in Next Budget
The pension framework under consideration would require Kentucky to make excessive increased payments for pension liabilities in the next state budget — even beyond the huge new contributions the state...
Analysis Shows Pension Bill Adds Huge New Costs for Teachers’ Plan
A new analysis of the proposed pension bill by the actuary for the Teachers' Retirement System (TRS) shows huge new costs to the state from the legislation, including higher costs to...
Exaggerated Pension Panic Fueling Harmful Bill
Kentucky needs a smart and measured plan to pay down our pension liabilities over time and improve our financial condition. But the bill released last week would cause unneeded harm...
Revenue Options to Meet Obligations and Protect Investments
To meet our pension obligations and begin reinvesting in a stronger future for the commonwealth, Kentucky needs new revenue. Currently, too many tax breaks drain money that is needed to...
Additional Contribution for Retiree Health Benefits Is an Unnecessary Wage Cut
The state’s proposed framework for pension legislation would require public employees to pay three percent more of their salaries toward retiree health benefits, the effect of which is the same as...
Pension Framework Makes Harsh Benefit Cuts, Adds Costs Without New Revenue
The governor and legislative leaders released a framework today that makes substantial cuts to pension benefits for current workers, new employees and even retired teachers. It includes a shift to...
Pension Legislation Should Solve Real Problems and Avoid Harmful Consequences
Legislative leaders say they will soon share a framework for potential pension legislation the General Assembly will consider in a special session this fall. Big questions loom over the legislation,...
Level Dollar Approach Shifts Enormous Burden to Upcoming Budget
The proposed level dollar approach to funding Kentucky’s pension liabilities would shift a large burden to our upcoming state budget and ask comparatively little from budgets a couple of decades...