Cash Balance Plan Likely to Increase Costs, Impact the Quality of Public Services and Reduce Retirement Security
While the primary pension challenge Kentucky faces is how to find the revenue to pay back the existing unfunded liability,...
Research
Proposed Cash Balance Pension Plan for New Workers Projected to Increase Costs
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...
Administration Describes Bleak Outlook for Next Budget without More Revenue
In a presentation on the need for tax reform to the joint House and Senate Appropriations and Revenue Committee today, Secretary Mary Lassiter laid out a bleak outlook for the...
Presentation: Protecting Retirement Security and Building a Better Kentucky
This presentation was given at the Kentucky Public Pension Coalition press and legislator briefing held January 30, 2013. KPPC Press Briefing Presentation KPPC Press Briefing Text
Four Key Facts about Public Pensions in Kentucky
As Kentucky legislators consider changes that could cut pension benefits for nurses, social workers, police officers and other public sector workers, they should keep in mind four important facts. Public...
State Can’t Pay Pension Debt from Natural Revenue Growth without Harming Services
One area of consensus on pensions is that the state should begin making the full annual required contribution to the retirement system, which will reduce the long-run costs of paying...
The State of Working Kentucky 2012: Jobs by Industry
Kentucky’s economy continues to change, with a decline in manufacturing jobs and a shift toward more jobs in the service sector—a trend that has accelerated with the weak economy of...
The State of Working Kentucky 2012: Race
The weak economy of the last few years has had far-reaching effects, but some groups have been harder hit than others. In particular, African Americans in Kentucky have suffered enormous...
The State of Working Kentucky 2012: Education
There is no question that greater levels of education are associated with higher wages and employment rates in Kentucky, and employment has been declining among those with less than a...
The State of Working Kentucky 2012: Wages
Working Kentuckians have experienced a lost decade in terms of wage growth, a trend that is undermining family economic security across the Commonwealth and will likely persist at least as...