The article reports that the Teachers' Retirement System of Kentucky (KTRS) Investment Committee has approved a 50- million-dollar commitment to Public Pension Capital (PPC), a established private equity firm. KTRS plan executive secretary Gary Harbin said the investment was approved on February ...
• Begin to correct imbalances in the pension systems including employees living 16 years longer on average than when the system was created • Allow public employees more flexibility and portability with their retirement plan, similar to what is offered in the private sectorSITE...
The quasis are one of the five pension plans under the umbrella of the Kentucky Retirement System. Last year, Bevin futilely battled to revamp the teachers’ plan, which is 39.3% funded as of its most recent annual report. Never miss a story — sign up for CIO newsletters to stay up-to...
Kentucky’s public pension systems are among the worst-funded in the country. The state is at least $41 billion short of the money it will need to pay retirement benefits over the next 30 years, according to official estimates. Bevin, Kentucky’s Republican governor, says the true number is...
Gov. Matt Bevin’s proposal would eventually end Kentucky’s pension system and replace it with a 401(k)-style retirement plan for state workers and public school teachers. The bill has the votes in the Senate, but not the House. Hoover had said he would not vote for the bill without ...
KentuckyTyrone Bynoe (bio)funding priorities for p-12 On November 4, 2015, the Commonwealth of Kentucky elected a new governor, Republican Matthew Bevin, who campaigned on a commitment to reform the state's pension system and to champion the state's adoption of charter schools. Bevin's educat...
that person’s spouse. In order to effectuate a division of the pension benefits in the state of Kentucky, a Qualified Domestic Relations Order (QDRO or DRO) must be prepared and submitted to the Plan Administrator. The Orders generated by our online service are specific to each System or ...
Pension/retirement Exempt Exempt, with a cap of about $1.28 million on IRAs and Roth IRAs Homestead You are permitted only a $5,000 exemption on real estate or property used as a personal residence in Kentucky under KRS § 427.060. This is much lower than many states. Under KRS § 427.09...
Teacher retirement.House Bill 258will create a new hybrid tier for the Kentucky Teachers’ Retirement System that contains elements of both defined benefit and defined contribution plans. This change will affect new hires starting in 2022, not current teachers. The bill changes when those teachers ...
Curt has led Aon team members in the management of benefit programs for private corporations and public-sector entities that include institutions such as Teachers Retirement System of Kentucky (TRS), University of Kentucky, Brown Forman Co., Know Your Rx Coalition, Owensboro Hospital System, Universi...