From Frankfort

Bevin administration asks for second chance at cost of KTRS plan

11/14/2017 01:43 PM

A day after denying the public access to the cost scoring analysis of the Kentucky Retirement Systems, now the Bevin administration is asking for a mulligan on the Kentucky Teachers’ Retirement cost analysis. The Associated Press previously reported the KTRS plan would cost an extra $4.4 billion over the next 20 years. Bevin’s administration now contends that the consulting firm Cavanaugh Macdonald used different assumptions to calculate the cost for the teacher’s retirement plan. On Tuesday, State Budget Director John... Read more 

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