Tag: Pensions

Franklin County Court Rules Pension Reform Bill Unconstitutional

Kentucky’s controversial pension reform bill, Senate Bill 151, has been declared unconstitutional. WDRB reports that on Wednesday, Franklin County Court Judge Phillip Shepherd declared Senate Bill 151 void, ruling that the bill failed to meet procedural requirements set forth by the state Constitution. The controversial bill was initially passed and signed into law by Governor Bevin earlier this spring, and…

The Good, The Bad, and The Not-So-Terrible: What’s Happening to Kentucky Teacher Pensions

This article originally appeared in teacherpensions.org. This week, thousands of Kentucky teachers marched in the state capitol in response to a prospective change in retirement benefits and general concern with the state budget. While their budget and salary concerns are real, the retirement plan reform is necessary, and will in the long run be good for Kentucky and the state’s next generation of…

An Open Letter To Kentucky’s Future Teachers

Dear Future Kentucky Educators, I have been worried about you.  The truth is we all have been worried about you.  To say that we are going through a tumultuous time in our profession is an understatement.  A great deal of consternation has been around how we are going to be able to get you to join our profession. You are…

Back From The Dead: Kentucky Gets Its Second Glimpse At Pension Reform

Update: SB 151 has been passed by the Senate 22-15. It was Thursday afternoon when the Kentucky House of Representatives convened for Day 57 of the Kentucky General Assembly’s 59-day session. It didn’t go as many expected. Back from the dead, elements of the controversial Senate Bill 1 were inserted into Senate Bill 151, which was originally filed as an act…

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The Pension Bill Dropped This Week. Here Are The Quick Facts.

After months of speculation, we’ve finally got a pension bill. And it’s a doozy. Senate Bill 1 was introduced this past Wednesday by Sen. Joe Bowen (R-Owensboro), who says the 30-year plan will effectively save the state’s public pension system. It differs wildly from Gov. Bevin’s proposal back in October, which would have raised the retirement age and switched teachers’…

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