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The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
As of July 2022, unfunded liabilities for statewide plans totaled $1.2 trillion. Statewide retirement systems account for the bulk of unfunded liabilities in the US. State Pension plans account for approximately 88% of all unfunded liabilities of non-federal retirement systems.
Its retirement system scored an A, with a lofty 85 overall index score. Iceland (83.5) and Denmark (81.3) took second and third places. Argentina had the lowest index value at 42.3.
v. Equal Employment Opportunity Commission. 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 ...
Greater Columbus' first Del Webb retirement community, with 712 homes, will be built in Union County near the U.S. Routes 33/42 interchange.
Retirement funds for public workers in Ohio lost millions after the Silicon Valley Bank collapsed last week, sending the tech and bank industries into a spiral. The Columbus Dispatch reported that ...
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Governmental employers in the United States (that is, federal, state, county, and city governments) are currently barred from offering 401(k) retirement plans unless the retirement plan was established before May 1986. Governmental organizations may set up a section 457(b) retirement plan instead.
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