Teachers Continue Lawsuit Against State For Underfunded Pensions

2017-04-28T17:57:01-07:00April 28th, 2017|Categories: Defined Benefit Plans|Tags: |

As Gov. Matt Bevin mulls whether to call a special session to deal with the state’s ailing pension system and tax structure, a class action lawsuit brought against the state by aggrieved teacher pensioners continues to make its way through the court system. The Teachers Retirement Legal Fund argues that state leaders have broken the law by not setting aside enough money for the Kentucky Teachers Retirement System, which manages the pensions of about 141,000 school system retirees. [...]