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Cash Balance Plan Likely to Increase Costs, Impact the Quality of Public Services and Reduce Retirement Security

Jason Bailey | February 11, 2013

While the primary pension challenge Kentucky faces is how to find the revenue to pay back the existing unfunded liability, much of the attention has instead focused on moving new employees to a defined contribution plan or a hybrid plan like the cash balance option included in Senate Bill 2. However, there are a number of reasons to prefer Kentucky’s existing defined benefit design over such a plan.

Cash Balance Brief

More On Economic Security: Slashing Federal Programs Would Deal Another Blow to Rural Kentuckians

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Perspectives

Slashing Federal Programs Would Deal Another Blow to Rural Kentuckians

Kentuckians Need a New Trade Policy, Not a Chaotic Trade War

Kentucky Voters Buried Private School Vouchers. One More Idea Must Die to Truly Reinvest in Our Public Schools

Our Leaders Should Give Thanks to Food Assistance, Not Deplete It

A Warning for Kentucky From the Devastating Impact of Vouchers on Arizona, Florida Public Schools

Other Economic Security Items

The Four Ways Congress Is Threatening to Cut SNAP in Kentucky

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The Four Ways Congress Is Threatening to Cut SNAP in Kentucky

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Tracking SNAP in Kentucky

Nearly 400,000 Kentucky Kids Received Summer Food Benefits but Program Could Help Many More

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Nearly 400,000 Kentucky Kids Received Summer Food Benefits but Program Could Help Many More

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