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Kentucky

: Kentucky Law Blog

State News: Pension Plan Changes for New Hires Being Considered by Legislature

By Michael Stevens

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While reading the following post from Bluegrass Politics Blog and the state's pension program's problems from declining stocks, I was wondering about the financial integrity of the judicial pension program which is probably getting it with a one-two punch of declining stock values AND staggeringly increasing commitments created by the flood of senior status judges.   Or maybe, I just don't get it.

In any event, here's the story:

Legislative leaders say state pension changes likely for new hires

By Ryan Alessi on KY General Assembly

Senate President David Williams and House Speaker Greg Stumbo say the state employee pension system, which has taken a hit from the stock market, may need to be revamped for future employees. With only two working days left after Friday, it's too late for this session to take up the issue. But both legislative leaders said the General Assembly is likely to take up the issue over the next year.


Full post as published by Kentucky Law Blog on March 15, 2009 (boomark / email).

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