Kentucky Finally Passes a Pension Reform
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
The Chamber of Deputies will take until August to vote, and the Senate will need at least two months after that.
Gov. Matt Bevin asks special session of legislature this time to revamp quasi-government agencies’ retirement plans.
Poor returns were expected, but it sets new funding legislation in motion next week.
Referendum ends lower taxes aimed to attract foreign companies and boosts contributions to the state retirement system.
Key panel rejects challenge to measure’s constitutionality and sends it forward.
President’s latest proposal aims to save about $3 billion over the next decade.
Economy minister is worried about Congress passing a diluted’ version.
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Brazil’s new president’s opening session letter demands social security system overhaul.
Dem backing a Republican bill improves its chances in a blue legislature.
The OAK prefers a uniform interest rate for the public workers and two other retirement plans, which a lobbying group says is wrongheaded.
Jair Bolsonaro predicts initial investments to be almost $2 billion.
Newly hired state workers will get lower benefits and either a 401(k) or hybrid retirement plan to save tax dollars, prop up DB funding levels.