State Rep. Mike Cherry http://wfpl.org en 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 Pension Task Force Says Everything is "On the Table" at First Meeting http://wfpl.org/post/pension-task-force-says-everything-table-first-meeting <p>A group of Kentucky lawmakers has a new summer assignment&hellip;shoring up the state&rsquo;s failing pension systems.</p><p>At least two of Kentucky&rsquo;s six pension plans are at a high risk for failure. And their troubles have been highlighted by Bloomberg, the New York Times and the Pew Center.</p><p>In response, the state has formed a public pension task force. Co-chairman Mike Cherry says he&#39;s dedicated to find a solution, and it may not be pretty.</p><p>&ldquo;From my standpoint, everything&rsquo;s on the table for this summer interim session,&rdquo; he says.</p> Mon, 02 Jul 2012 19:36:30 +0000 Kenny Colston 885 at http://wfpl.org