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- As of June 30, 2020, the KPPA total assets stood at $18.2 billion, composed of $12.7 billion in the pension funds and $5.5 billion in the insurance funds. The total unfunded liabilities range from $40 billion to $60 billion, an amount that is four to six times the size of Kentucky's General Fund Budget. As of 2021, the KPPA was only 33% funded across all its funds, and only 14% funded for its primary state government fund, making it one of the worst-funded pension plans in the U.S.
en.wikipedia.org/wiki/Kentucky_Public_Pensions_Authority
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Dec 17, 2018 · FRANKFORT – In 2000, Kentucky’s public retirement plans were fully funded. Since then, they’ve accumulated nearly $43 billion in debts — making Kentucky’s pension system one of the worst-funded...
- Tom Loftus
- Politics-Frankfort
Jan 18, 2022 · Despite raking in record investment returns of 25% during fiscal year 2021, the funded levels for Kentucky’s public pensions remain perilously low, according to the recently released annual comprehensive financial report from the Kentucky Public Pensions Authority (KPPA).
May 3, 2022 · Kentucky’s pension plans were fully funded in 2000, but by 2019 persistent declines in funding left enough pension assets to cover only 45% of liabilities.
Aug 24, 2017 · One of Kentucky’s pension plans — the one that funds pensions of most state government retirees — is the worst-funded public pension plan in America with less than 16 percent of the money...
- Tom Loftus
- Politics-Frankfort
Dec 31, 2023 · 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...
Jul 7, 2022 · Unfunded retiree health care liabilities remained a substantial challenge for most states leading up to the pandemic. And when COVID-19 hit, unlike what happened with pension debt, unfunded retiree health care liabilities edged up in fiscal 2020, according to a recent survey from S&P Global.
Sep 14, 2021 · Public plans, including severely underfunded plans in Kentucky and Pennsylvania, are now making annual contributions that would be sufficient, if maintained as a percentage of revenue, to fund projected benefit payments over the long term without further increases—if investment return targets averaging 7% and other plan assumptions are met.
