From the Lexington Herald-Leader: Kentucky’s new pension law draws concern of credit rating agency

By JACK BRAMMER

FRANKFORT — Kentucky’s new pension law, which provides financial incentives for regional universities, county health departments and dozens of other quasi-governmental agencies to exit the state pension system, is a “negative” for the state’s credit rating, the credit rating agency Moody’s said Monday.

Moody’s declared the new law “credit negative” because “it pushes pension costs into the future and raises the likelihood Kentucky will take responsibility for a greater share of the Kentucky Employees Retirement System’s unfunded liabilities,” said David Jacobson, vice president of communications for Moody’s, in a news release.

Read more here: https://www.kentucky.com/news/politics-government/article233538827.html#storylink=cpy