KTRS's funded status climbs in one financial valuation, drops in another as "crisis" continues
12/09/2015 10:45 PM
FRANKFORT — Despite his agency showing a better funded status in one of the two separate financial reports required by new governmental accounting standards, Kentucky Teachers’ Retirement System Executive Secretary Gary Harbin said Wednesday that the pension system faces dire straits. Actuaries with Cavanaugh Macdonald presented fiscal year 2015 valuations for KTRS’s pension and health plans, telling the KTRS Board of Trustees that the plan’s funded status increased from 53.6 percent to 55.3 percent last fiscal year while its unfunded liabilities... Read more 
Longtime Rep. Bob DeWeese will retire after 2016 session
12/09/2015 10:30 AM
A staple of the Kentucky legislature, Rep. Bob DeWeese, R-Louisville, has announced he will not seek re-election in 2016. In a lengthy statement sent to the media on Wednesday, Deweese said since his first term in 1993 he’s watched as the GOP have grown their membership from 29 to 47 members. “During my 22 years in office, I’ve had the pleasure of working with a number of men and women, both Republican and Democrat, on issues of great importance not... Read more
It’s the worst possible nightmare for many of us: being imprisoned for something we didn’t do. But it happens far more often than most would like to believe. According to the Innocence Project, there have been 333 post-conviction exonerations based on DNA evidence in the United States. Thirty states and the District of Columbia have laws on the books directing compensation for victims of wrongful imprisonment; Kentucky is not among them. Journalist Reuven Fenton has chronicled 10 stories of people who were wrongfully imprisoned in his new book, “Stolen Years: Stories of the Wrongfully Imprisoned.” One of them was a man from the Highlands in Louisville. Kerry [...]
Thu, Dec 10, 2015 1:55:00 PM, Continue reading at the source
The industrial city of Essen has found a way to replace its coal mines, and it includes cafés, beer and mini-golf. (If you aren’t immediately taken to the full story, go here.) [...]
Thu, Dec 10, 2015 12:05:00 PM, Continue reading at the source
State spending on elementary and secondary education in Kentucky has dropped at one of the highest rates in the U.S. since 2008, according to a report released Thursday from the Center on Budget and Policy Priorities. State allocation per-student fell about 12 percent from 2008 to 2014, the report shows. That’s the 10th largest drop among states during that time period and puts Kentucky in a pool of 15 states that cut state spending on education by more than 10 percent during that span. Kentucky has a formula-driven education funding system called SEEK, which takes into account student population, transportation costs and [...]
Thu, Dec 10, 2015 5:00:00 AM, Continue reading at the source
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