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Report

Proposed Cash Balance Pension Plan for New Workers Projected to Increase Costs

Jason Bailey | February 8, 2013

The cash balance plan for new workers proposed in Senate Bill 2 would make paying Kentucky’s unfunded pension liability harder by adding approximately $55 million in state costs over the next 20 years, according to the actuarial analysis produced for the bill.

Costs of Cash Balance

More On Budget & Tax: Tax Breaks for Facebook, Amazon and Google? Beshear Vetoes Bill Meant to Lure Data Centers

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Perspectives

American Rescue Plan Is a Lifeline for Kentuckians

The 2021 General Assembly Can Meet the Moment with Policies that Advance Racial Equity

Letter to the Kentucky House of Representatives on Raising the Inadequate Tax Rate on HHR Slot Machines

Voucher Would Drain Much-Needed Resources from Kentucky’s Public Schools

Coalition Letter to Kentucky General Assembly: End the Tax Break on Slot Machines

Other Budget & Tax Items

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Corporations Were the Primary Focus of One-Time Monies in General Assembly

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Governor Should Veto Expensive, Poorly Targeted Tax Breaks for Remote Workers and Data Centers

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Legislature Spends Additional Federal and General Fund Monies on Session’s Last Day

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