Social Security Disability Insurance Works for Vulnerable Kentuckians
There are many misconceptions about Social Security Disability Insurance (DI). Despite recent arguments that DI is a hindrance to people’s...
Economic Security
Kentucky Will Face Transition Costs If It Switches to 401ks
Proponents are claiming Kentucky will face no transition costs from shutting down its defined benefit (DB) pension plans and moving employees into 401k-type defined contribution (DC) plans. That assertion ignores...
Decline of Private Sector Defined Benefit Plans No Model for Public Plans
Calls to end Kentucky's defined benefit (DB) public pension plans often refer to the move away from DB plans in the private sector and suggest the public sector should follow...
Proposed 401ks Cost More Than Kentucky’s Existing Pension Plans
The 401k-type defined contribution (DC) plans proposed by PFM in their final report would cost more than Kentucky’s existing defined benefit (DB) plans, according to data from PFM itself and...
Lack of Jobs and Wage Growth Still Hurts Kentuckians this Labor Day
Labor Day is a good time to reflect on the state of working Kentucky. This year, as the economy continues a long recovery and state and federal decision makers debate...
Clawback of Cost of Living Adjustments Would Be Major Hit to Retiree Checks
The Bevin administration's consultant recommends a massive cut to many retirees' incomes by rolling back past cost of living adjustments (COLAs) — a proposal that could reduce pension checks by...
PFM Report Uses Exaggerated Claims to Justify Harsh, Counterproductive Cuts
The final report from the state’s pension consultant PFM uses exaggerated claims about the condition of all of the state's pension plans to justify harsh and ultimately counterproductive cuts to...
Trump Budget Makes It Harder for Low-Income Kentuckians to Climb Economic Ladder
In President Trump’s budget proposal, cuts to critical programs that help low-income Kentuckians are primarily justified as a way to move more people into the workforce. However, the budget proposal...
Food Assistance Cuts in Trump Budget Would Have a Devastating Impact on Kentucky
The deep cuts to the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) in President Trump’s budget proposal would be devastating to Kentucky — particularly in rural parts of the...
Kentucky Moms Deserve Better
More than 488,000 women in Kentucky are raising an estimated 919,711 children under the age of 18. These biological, step, adopted and foster moms, grandmothers and other relatives and their...