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Teachers across Kentucky are up in arms following the passage of legislation that impacts pension provision for the state’s educators.
Two of the state’s largest districts were among 22 across Kentucky closed when hundreds of educators refused to work after legislators approved a pension bill in a surprise vote, writes Valarie Honeycutt Spears and Mike Stunson for the Lexington Herald Leader.
“After exhausting all means of positive protest such as, emailing, texting, calling, visiting Frankfort, having walk ins, pension forums, it was evident that drastic measures had to be taken for us to be heard,” Fayette Education Association President Jessica Hiler is quoted saying.
“Although closing school was not an option that we wanted for our students, they have no better advocate than their teachers and other public school employees. We have to be the voice for our students and that means we must continue to advocate for funding and resources needed to provide all students with a world class, 21st Century education.”
The bill, reports The Herald Leader, would place new hires into a hybrid cash-balance plan rather than the traditional DB model. Existing teachers would continue in the current plan.
More: School districts close across Kentucky.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapension

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