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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.
Senate Bill 151, also known as SB 151, is a pension bill passed on March 29, 2018, by the Kentucky Senate and the Kentucky House of Representatives.The bill includes increases for cost of living, ends the inviolable contract for new teachers hired after January 1, 2019, and requires employees hired between 2003 and 2008 to pay an additional 1 percent of their pay for health care benefits in ...
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Retirees want a "13th check" for former state employees in the Kentucky Employees Retirement System and State Police Retirement System.
Kentucky ranks 44th in starting teacher pay and 40th in average salary, according to the National Education Association (NEA). Both candidates for governor in 2023 called for raises for teachers.
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The court mandated that the Legislature was to enact broad and sweeping reforms at a systemic level, statewide. The changes were so unpopular with Kentucky's teachers that some of them began to refer to KERA as the "Kentucky Early Retirement Act", though no spike in teacher attrition actually occurred following KERA's passage. [27]
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