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The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), [1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
Kentucky has shoveled billions of dollars into recent state budgets to make up for a huge pension shortfall. KY pension fund kept gains in 2023 but faces 22% funding and $12.3 billion deficit Skip ...
After open records request denials and a court order, the Kentucky Public Pension Authority finally released the 97-page report it commissioned.
Pages in category "Public pension funds in the United States" The following 35 pages are in this category, out of 35 total. This list may not reflect recent changes .
The Kentucky Supreme Court issued a 5–2 ruling agreeing with Beshear that Bevin lacked the authority to make mid-cycle budget cuts without the Kentucky General Assembly's approval. [30] Also in 2016, the Kentucky Supreme Court unanimously sided with Bevin when Beshear sued him on the grounds that Bevin lacked the authority to overhaul the ...
Conservative shadow work and pensions secretary Helen Whately said the government's bill was a "continuation" of work started by the previous government and Labour "must do more to tackle the ...
At the outset of the Civil War the General Law pension system was established by congress for both volunteer and conscripted soldiers fighting in the Union Army. [4] Payouts derived from this plan were based on degree of injury and subject to review by government boards. By 1890, general old-age pensions were incorporated for Union veterans. [5]