Kentucky State AFL-CIO

 

By BERRY CRAIG

AFT Local 1360

Matt Bevin keeps using the word "promise," but we don’t think he knows what it means.

Recent News

Talking points on pension system

Some facts about other states that considered and/or switched to 401(k)-style plans and came back. 

• In Minnesota, a 2011 study estimated a transition to a 401(k)-style plan would cost the state $2.8 billion.

• The New Hampshire Retirement System in 2012 found that closing its defined benefit plan to new hires would likely lead to more conservative investments and lower returns and increase the state's unfunded liability by an additional $1.2 billion.

Governor Bevin released his proposed framework for fixing Kentucky's pension crisis today, and the plan isn't good. When compared to our current pension system, this plan will either immediately or eventually harm every teacher, active, retired, and future.

LEXINGTON – The Kentucky Public Pension Coalition, representing hundreds of thousands of teachers, firefighters, police officers, librarians, and other active and retired public employees across the state of Kentucky, has major concerns with Governor Bevin’s public pension plan.

By BERRY CRAIG

AFT Local 1360

State Rep. Sannie Overly, D-Paris, isn’t buying GOP Gov. Matt Bevin's just-unveiled state pension plan.

Take Action

Florida's working families have seen devastating flooding, rains, winds and destruction to their homes, possessions and livelihoods. Help them by contributing to the Florida AFL-CIO’s Worker Relief Fund today.

Union members are there for each other in tough times, and many Texans are facing the toughest of times. Donate to the Texas Workers Relief Fund, which provides direct help to families in need.