Kentucky Task Force on Pensions http://wfpl.org en Stumbo, Stivers: Kentucky Pension Funding Will Likely Wait. Again. http://wfpl.org/post/stumbo-stivers-kentucky-pension-funding-will-likely-wait-again <p>FRANKFORT—Kentucky legislative leaders say solutions on how to pay for Kentucky’s underfunded pensions won’t likely be addressed in the 2013 legislative session, which began Tuesday.</p><p>Both House Speaker Greg Stumbo and Senate President Robert Stivers say there will likely be a bill to introduce changes to the pension systems. But they also agree that such a bill is unlikely to deal how to fund the changes.</p><p>What they do disagree on is when to deal with the funding solutions. Stumbo says pension funding should be dealt with in a special session, hand in hand with tax reform.</p> Tue, 08 Jan 2013 22:37:01 +0000 Kenny Colston 3323 at http://wfpl.org Stumbo, Stivers: Kentucky Pension Funding Will Likely Wait. Again. Stumbo: Make High Earning Pensioners Pay More to Help Fund System http://wfpl.org/post/stumbo-make-high-earning-pensioners-pay-more-help-fund-system <p></p><p>State&nbsp;employees with higher pensions should pay more to help the underfunded systems recover, Kentucky House Speaker Greg Stumbo&nbsp;said in a recent interview.</p><p>One thing Stumbo doesn't want to see is lawmakers floating bonds to help pay for the state’s underfunded pensions.</p><p>And that echoes what Republicans want; they're ruling out such a possibility.</p><p> Fri, 23 Nov 2012 13:00:00 +0000 Kenny Colston 2586 at http://wfpl.org Stumbo: Make High Earning Pensioners Pay More to Help Fund System What to do About Kentucky's Struggling Pension Systems? Task Force Makes Recommendations http://wfpl.org/post/what-do-about-kentuckys-struggling-pension-systems-task-force-makes-recommendations <p></p><p>Kentucky's state pension plans have problems, and a&nbsp;bipartisan legislative task force has approved sweeping recommendations to overhaul them -- including putting new employees in a hybrid plans akin to 401Ks.</p><p>The task force -- with an 11-1 vote -- is recommending that the General Assembly start fully funding their pension contributions starting with the next budget in 2014.&nbsp;Lawmakers’ inability to do that is part of the pension plans problems.&nbsp;</p> Tue, 20 Nov 2012 21:21:55 +0000 Kenny Colston 2585 at http://wfpl.org What to do About Kentucky's Struggling Pension Systems? Task Force Makes Recommendations Stumbo: Hunting Amendment Should Pass, No Bonds for Pensions http://wfpl.org/post/stumbo-hunting-amendment-should-pass-no-bonds-pensions <p>House Speaker Greg Stumbo is predicting a wide margin of victory for the only constitutional amendment on the ballot.</p><p>The amendment was proposed by Stumbo and sailed through the General Assembly easily in 2011.</p><p>It would put the right to hunt and fish as a permanent right in Kentucky’s Constitution. Stumbo&nbsp;told&nbsp;WHAS&nbsp;radio host Mandy Connell that Tennessee passed the bill by an overwhelming margin and predicts Kentucky to do the same.</p> Mon, 05 Nov 2012 17:29:14 +0000 Kenny Colston 2337 at http://wfpl.org Stumbo: Hunting Amendment Should Pass, No Bonds for Pensions Local Government Leaders Seek Relief From Pension Costs http://wfpl.org/post/local-government-leaders-seek-relief-pension-costs <P>Elected officials from Kentucky’s metro areas are appealing to state lawmakers to reform the public pension system to keep it from consuming a growing share of their budgets.<p> <P>They testified in Frankfort this week before the Task Force on Pensions.<p> <P>Among them is Louisville Mayor Greg Fischer. He says pensions accounted for just over five percent of the city’s budget in 2004. Wed, 19 Sep 2012 20:20:55 +0000 Dan Conti, Kentucky Public Radio 1720 at http://wfpl.org Local Government Leaders Seek Relief From Pension Costs