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The States Where Pensions Are Safe — And Where They’re In Trouble

by marketwatch.com posted 10months ago 44 views
Kentucky’s public pension, which was at risk of benefit cuts, may be saved. : Kentucky has one of the worst public pension plans in the country, but it’s just been saved from getting even worse. The state’s Supreme Court ruled against a reform law that would have cut benefits for public employees, including teachers, law enforcement, firefighters, social workers and government workers. Under the law, workers hired between 2003 and 2008 would have to pay 1% of their salaries for retiree health insurance and future teachers would no longer have a promised benefit from retirement to death.

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