Kentucky is reporting that losses to the state employee pension fund in recent stock market volatility weren’t as severe as first thought. The Kentucky Retirement Systems financial portfolio fell $500 million between June 30 and Aug. 9. Last week, KRS had calculated the losses for the period at $1.7 billion. That figure was inflated, according […]
ensions, pension reform, the budget, shortfall, special session, HB 1, what do these terms have in common? They’ve been used in combination over the past few years when talking about the retirement benefits for state employees. But what exactly is the pension system for Kentucky state employees? Who is covered and who is not?