Pension cuts postponed in Illinois Legislature
The top Republican in the Illinois House says he’s shelving legislation to rein in ballooning government pension costs.
View ArticleIllinois Lawmakers Try to Tackle Pension Again
Illinois officials are trying to figure out how to finish cutting the state’s pension costs. Lawmakers came close to an agreement last month, but it was derailed by personal conflicts, policy disputes...
View ArticlePension Task Force Says Everything is "On the Table" at First Meeting
A group of Kentucky lawmakers has a new summer assignment shoring up the state's failing pension systems.
View ArticleLIBOR Scandal Likely Affecting Revenues for Kentucky Agencies
A former financial planner for the Kentucky Pension Systems says an international banking scandal is leading to millions of dollars in losses for Kentucky agencies.
View ArticleKentucky Pension Task Force Tackles Shortfall
A task force looking for ways to cover Kentucky's $19-billion public pension shortfall will explore the idea of borrowing enough money to bridge the gap through the sale of government bonds. The Task...
View Articlemorning cram [only you edition]
Today on NPR: How The Smokey Bear Effect Led To Raging Wildfires
View ArticleRepublican Legislative Challengers Announce Plans to Change Lawmakers' Pensions
After years of lawmakers attempting to find solutions to the state’s underfunded pension problems, a group of Republican legislative candidates are hoping to institute a plan of their own. At a news...
View ArticleRetirement Official Says Pensions Systems Haven't Used Controversial...
After being heavily criticized for their use, Kentucky’s major pension program says it hasn't used a placement agent for three years. Placement agents are investing middle men that direct pension funds...
View ArticleStumbo: Make High Earning Pensioners Pay More to Help Fund System
State employees with higher pensions should pay more to help the underfunded systems recover, Kentucky House Speaker Greg Stumbo said in a recent interview.One thing Stumbo doesn't want to see is...
View ArticleIL Drags Its Feet on Pension Problem
With its pension funds are the most underfunded in the U.S., and a shortfall approaching $100 billion, Illinois lawmakers will meet again next week in hopes of fixing the problem. Solutions other...
View ArticleS&P Downgrades Commonwealth's Financial Outlook
Another downgrading in Kentucky’s financial outlook has the state’s business leaders calling on the General Assembly for immediate pension reforms.
View ArticleLocal Legislators Come to MSU for Pension Forum
Local state legislators join a pension expert for a roundtable discussion at Murray State University this Saturday. Keynote speaker Cameron Smith is the policy director for the Alabama Policy...
View ArticleQuinn and Cullerton Meet Over Pensions
Gov. Pat Quinn and Senate President John Cullerton have met to discuss the stalemate over a solution to Illinois' pension crisis, but House Speaker Michael Madigan didn't show up.Aides to all three...
View ArticlePublic School Teachers Mulling Pension Lawsuit Against Legislature
A group of Louisville teachers are planning to file a class-action lawsuit against the governor and leaders in the Kentucky General Assembly, claiming they violated the state's contract with teachers...
View ArticleBeshear Pleased With Appeal in Seven Counties Case
Kentucky Governor Steve Beshear says he is pleased with a decision by the Kentucky Retirement Systems to appeal a recent ruling that would allow quasi-governmental agencies to withdraw from the...
View ArticleIncrease to Paducah Police/Firefighter Pension Pay-out Fails
An ordinance to increase payment from the Paducah Police and Firefighters’ Pension Fund by 2 percent to retirees did not pass at Tuesday night’s City Commission meeting. The ordinance failed by a 2 to...
View ArticleIllinois High Court Tosses Out State's Pension Fix
The Illinois Supreme Court today struck down a recently passed law designed to fix the nation's worst funded public pension system, putting Illinois lawmakers and the state's new Republican governor...
View ArticleBill To Reveal Lawmaker Pensions Heads To House Floor
Lawmakers’ state-run retirement funds would be subject to open records requests under a bill that a House committee approved Wednesday morning.
View ArticleWestern Kentucky Lawmaker Looks to 2017 for Tax Reform
Significant public pension debt has led to consternation among state officials during the almost-completed General Assembly session.
View ArticleSeeking 'Fresh Start' Bevin Removes Pension System Chairman
Seeking "a fresh start" Governor Matt Bevin is removing the chairman of the Kentucky Retirement Systems board of trustees. Bevin issued the executive order saying the board was opposed to transparency...
View Article
More Pages to Explore .....