December 19, 2017
New reports on Kentucky’s public pension systems show substantial funding progress thanks to sharply increased contributions to the plans in the 2016-2018 budget. The extent to which those funding levels are getting us on the right track should be understood before the legislature makes harmful cuts to benefits or demands dramatic additional increases in contributions in the next budget.
Pension Plans on a Stronger, More Sustainable Path
In the 2016-2018 budget, the General Assembly contributed about 94 percent of the actuarially required contribution (ARC) to the Teachers’ Retirement System (TRS), read more