Kentucky Retirement Systems
KRS Encouraged by Governor's Proposal
On January 21st, Governor Beshear presented his budget proposal for the two-year budget cycle that begins July 1st. The Governor’s proposal dedicates money from the general fund in fiscal 2015 and 2016 to pay the full actuarially required employer contribution. This meets funding guidelines set out in Senate Bill 2, the pension reform law passed during the 2013 legislative session.
We are encouraged by the Governor’s proposal. KRS staff will monitor the budget bill as it moves through the House and Senate. Follow along with us. We publish daily updates on retirement related legislation.