From KPPC: State lawmakers are at it again

As teachers around our commonwealth worked tirelessly last week to adjust to the new normal of teaching for the foreseeable future, our Senate voted to withhold funding for the Teachers' Retirement System (TRS). Late Thursday, the Senate passed a budget proposal to essentially hold hostage nearly 1 BILLION dollars in funding for TRS if structural changes, such as benefit cuts, are not made for new teachers.

This is an unprecedented moment in our commonwealth's history. Our active and retired educators deserve retirement security during these uncertain times. The National Institute on Retirement Security's study reveals that a steady pension income acts as an economic stabilizer during a downturn.

Legislators began meeting today and will meet until a final compromise budget is passed on April 1. You can find your legislator here. Email your legislator and tell them you want full TRS funding in the HB 352 budget conference report.

As always, be sure to like us on Facebook and follow us on Twitter. Want regular updates? Text KY Pensions to 235-246. We will keep you updated on the latest in pension news in the final days of the session.  

In Solidarity,

Maggie Rogers

Kentucky Public Pension Coalition