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As of June 30, 2020, the KPPA total assets stood at $18.2 billion, composed of $12.7 billion in the pension funds and $5.5 billion in the insurance funds. [18] [19] The total unfunded liabilities range from $40 billion to $60 billion, an amount that is four to six times the size of Kentucky's General Fund Budget.
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 ...
State retirees, who have not had a pension cost-of-living increase since 2011, will get a one-time additional payment, which many call a “13th check.” ... The House wants to fund school ...
This list of largest pension funds in the United States involves two main groups: ... Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Retirees want a "13th check" for former state employees in the Kentucky Employees Retirement System and State Police Retirement System.
Currently the fund has improved because of additional contributions approved by Governors/Legislatures and is funded at 18.5%. ... There are 114,000 retiree members of the Kentucky Public Pension ...
Pages in category "Public pension funds in the United States" ... Kentucky Public Pensions Authority; L. ... Teachers' Retirement System of the State of Illinois;