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Mar 13, 2024 · FRANKFORT, Ky. (KT) – It’s something retirees in the state’s public pension program have requested for years, and it’s in the Senate version of House Bill 1, a 13 th check for all retirees since they have not had a cost-of-living adjustment (COLA) for more than 10 years.
May 23, 2023 · Welcome to the 2023 Spring edition of PENSION INSIGHTS, the official newsletter for members and retirees of CERS, KERS, and SPRS. In this issue, you’ll find articles about: KPPA invites you to stay connected. Click the links below for your latest pension information: FROM THE DESK OF DAVID EAGER, KPPA EXECUTIVE DIRECTOR.
Sep 20, 2023 · Kentucky’s primary pension fund for nearly 125,000 past and present state government workers continued to see small but steady gains in Fiscal Year 2023, ending with a funding level of 22.2...
Oct 19, 2022 · Kentucky Public Pensions Authority sent this bulletin at 10/19/2022 02:39 PM EDT. Welcome to the fall edition of PENSION INSIGHTS, the official newsletter for members and retirees of CERS, KERS, and SPRS. In this issue, you’ll find articles about: Insurance Open Enrollment for Plan Year 2023; How to view your Member Annual Statement online;
Jan 26, 2023 · We had good news in Fiscal Year (FY) 2022 on the pension and insurance funding front: All five pension systems saw their funded status increase over the prior fiscal year. In the case of the State Police Retirement System (SPRS) pension fund, the increase was dramatic.
Nov 8, 2024 · The Kentucky Public Pensions Authority released its Annual Comprehensive Financial Report (ACFR) for the Fiscal Year (FY) ended June 30, 2023, showing strong investment returns, General Fund...
5 days ago · The funding level for the SPRS pension fund stood at 56.7% on June 30, up from 54% a year earlier. John Cheves. Lexington Herald-Leader. (859) 334-0802. John Cheves is a government accountability ...
Jul 23, 2019 · FRANKFORT, Ky. (AP) — Kentucky Gov. Matt Bevin's pension-relief proposal cleared the Republican-run state House by a slim margin Monday, surviving a crucial showdown as lawmakers continued a special legislative session convened by the GOP governor.
Nov 5, 2021 · Kentucky’s state pension plan, one of the nation’s weakest, rose to 18 percent funded this year thanks to big market gains and a whopping taxpayer contribution.
FY 2021 saw record investment performance across all funds. Overall, the pension portfolios managed by the Kentucky Public Pensions Authority (KPPA), which comprise all CERS, KERS, and SPRS pension funds, slightly outperformed their benchmark, which returned -5.8% for the fiscal year.
