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The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), [1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
Both retirement and Social Security income are taxable in the state, and most of the states retirement deductions were repealed for tax year 2024. Residents ages 65 and older can subtract $5,500 ...
Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...
There were small advancements at Kentucky Retirement Systems, one of the nation’s worst-funded public plans. KY pension fund improved slightly in 2022 to 18% funded and a $13.5 billion deficit ...
Kentucky Retirement Systems v. EEOC, 554 U.S. 135 (2008) is a United States Supreme Court case that ruled Kentucky's retirement system does not amount to age discrimination under the Age Discrimination in Employment Act when granting pensions to disabled persons who had not yet reached the permitted retirement age of 55.
Pros. Cons. Can provide money management assistance in retirement. Higher fees and commissions than other financial products or investments come with annuities.
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Annuities provide tax-deferred retirement income. See annuities' pros and cons, and whether an annuity fits your retirement plan. The Pros and Cons of Buying an Annuity For Retirement