The campaign to preserve pensions for Kentucky teachers continues with educators protesting proposed legislation which they say will end up costing them and other public employees retirement income.
Educators from the Kentucky districts of Carter County gathered last weekend to say pensions would be defunded by the legislation, without a replacement revenue stream, writes Jeremy D. Wells for the Greyson Journal-Times. They and representatives from the the Kentucky Education Association (KEA) say the legislation “not only allows for future reductions in pensions, but also to benefits and insurance without notice,” he adds.
Teachers contribute more than 13 percent of pay to the pension plan, including three per cent to fund future retirement health insurance and 1.75 per cent to pre-fund their 1.5 per cent COLA. Concern is being voiced about the future of these “pre-funded accounts.”
More: Kentucky teachers don’t pay into Social Security.

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