From Frankfort

Lowered assumptions result in billions more in pension debt with more on the horizon

05/18/2017 06:23 PM

Kentucky’s pension hole got a little deeper Thursday and will only worsen in the weeks ahead. The Kentucky Retirement Systems board of directors approved lower assumptions on investment returns, payroll growth and inflation for pension funds for the Kentucky Employees Retirement System non-hazardous plan, which covers most state workers and retirees, and the State Police Retirement System. Those changes immediately caused the state’s pension debt to grow by some $2.1 billion – almost entirely in the state employee pension fund — although... Read more 

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