Bluegrass Beacon: Pension contract inviolable, not inflexible

Legislators campaigning to hold on to their seats may be jittery about dealing with controversial pension reform, but the problems plaguing the state’s retirement systems don’t hibernate just because there’s an election. Despite record amounts of funding in recent years, the ailing Teachers’ Retirement System (TRS) is saddled with $14.5 billion worth of liabilities, remains…

Bluegrass Beacon: Will Beshear consider ‘common goals’ of non-teaching taxpayers?

Editor’s note: The Bluegrass Beacon is a weekly syndicated newspaper column posted on the Bluegrass Institute’s website after being released to and published by newspapers statewide. The following column is an updated version of a recent column published by newspapers statewide. Governor Andy Beshear and First Lady Britainy Beshear held a poster contest as part…

Beshear should end pension spiking for legislators who join his team

Gov.-elect Andy Beshear has selected longtime state Rep. Rocky Adkins as his senior adviser. Will Beshear follow the lead of outgoing Gov. Matt Bevin, who, according to administration officials, required legislators appointed to positions in his administration to forego using the salaries earned in their executive positions to spike their legislative pensions? Adkins finished second…

Bluegrass Institute commends progress toward increased KRS investment transparency

For Immediate Release: Tuesday, October 8, 2019 (FRANKFORT, Ky.) – The Bluegrass Institute Pension Reform Team issued the following statement in response to the Public Pension Oversight Board’s recent discussion regarding transparency of Kentucky Retirement Systems (KRS) investment fees, which included a presentation by State Auditor Mike Harmon.  The Bluegrass Institute has always been a…

Bluegrass Beacon – Lacking: Transparency and judicial good sense

A lack of transparency and judicial good sense provide this edition of “Liberty Boosters and Busters.” Liberty Booster: Kentucky Auditor Mike Harmon, who released an audit confirming a culture of secrecy continues to exist within the commonwealth’s two largest public-retirement systems more than two years after the General Assembly unanimously passed legislation requiring the major…