With a pension reform bill signed into law by Governor Matt Bevin and subsequent veto of bills covering the state budget (HB 200), CERS phase-in (SB 362) and tax reform (HB 366), public educators are again gearing up to make their voices heard in the state Capitol as the 2018 legislative session winds down. Schools […]
Tag: pension crisis
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Andy Beshear Sues to Stop Pension Bill
In a move that was hinted upon after passage of the pension bill, Democratic Attorney General, Andy Beshear and unions representing teachers and police officers, have sued to block Senate Bill 151, the bill that was just signed into law by Governor Matt Bevin on Tuesday. Beshear filed a lawsuit this morning. The bill protects […]
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Pension Bill Passes: Everything You Need to Know
Efforts to reform the state’s public pension systems have taken a winding road and faced uncertain prospects at times since the issue came to the forefront of public discussion last year. But after making changes based on input received from stakeholders throughout the General Assembly’s 2018 session, public pension legislation reached the end of its […]
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Mayors Talk Pensions and More at NKY Chamber Event
Northern Kentucky mayors speak at Chamber panel: Chris Reinersman, Eric Haas, Diane Whelan Mayors from Independence, Florence and Fort Thomas shared their thoughts on a wide range of topics at a government forum hosted by the Northern Kentucky Chamber of Commerce. About 60 people attended the lunch and mayor’s panel at The Metropolitan Club in […]
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Kentucky Lawmakers Set to Overhaul Budget “Drastically”
Lawmakers returned to the State Capitol this week to kick off a General Assembly session that’s sure to tackle a wide range of issues. But Capitol observers say there are two issues this year that will likely dominate many discussions: public pension reform and the state budget. Issues concerning the unfunded liabilities associated with the […]
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State Budget Director Calls for Cavanaugh Macdonald to Redo KTRS Pension Bill Analysis
State Budget Director John Chilton will call upon Cavanaugh Macdonald to redo its analysis of the Teacher Retirement System (TRS) pension bill utilizing a more appropriate set of assumptions for comparative purposes. Cavanaugh Macdonald’s initial analysis of the current pension proposal uses assumptions that are very different from those in its annual valuation reports, including […]
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Opinion: Pension Plan Most Fiscally Responsible in History of the United States
“Keeping the Promise,” our plan to save Kentucky’s pension systems, keeps the promise made to Kentucky’s current employees while also meeting the legal and moral obligations we owe to those who have already retired. Promises made are promises kept. Make no mistake: there will be no changes, clawbacks or reductions to the paychecks of current […]
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City Council Roundup: Property Tax Discussion Points to Increase
Council members Ken Bowman and David Cameron during the tax rate discussion. by Robin Gee The 2017 property tax rate was the primary focus of the first of two Fort Thomas City Council meetings scheduled in September. The council met on September 5 to discuss a proposal for the property tax rate, taking into account […]
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Van Damme It’s Friday Links
Well, it’s not really Friday, but with Labor Day Monday, it kind of is. – I went to Anita’s Mexican Restaurant last night and the review will henceforth be coming. But without giving too much away from my review, I’ll describe it in one word: Badass. My spell-check is telling me that Badass isn’t a […]
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Lets Talk Kentucky State Politics
Lets start with a quick summary of where we are at in Frankfort: A budget hasn’t been approved yet with only 2 days left in the current session (a short recess has been called until April 14th) A budget can still be passed after the end of the session but only if the Governor calls […]