KRS - F.Y.I. is your direct connection to current, factual information about your KRS-administered benefits. This is where you can find our response to rumors, press coverage, interesting topics, and other information about the Systems. Be the first to learn of organizational announcements, and stay informed about upcoming events that are important to you.
PBS TELEVISION PROGRAM “FRONTLINE” AIRS DOCUMENTARY
October 23, at 10 p.m. Eastern time the PBS news and current affairs program
FRONTLINE aired a one-hour documentary about the state of U.S. public
pension funds. The program focused on how Kentucky’s pension systems became
underfunded and how the Systems’ investments have been managed.
KRS first became aware of the FRONTLINE documentary in April 2018 and,
since that time, we have been very responsive to all requests for information
from the show’s producers. We cannot attest to the accuracy of the
information presented in the show since we had no control over the show’s
content, nor were we given the opportunity to preview it or conduct our own
We understand that this show may cause members and retirees to contact us
for comment or clarification of some of the statements made in the film.
We will be reviewing the documentary in detail, and will post additional
information on our website and social media outlets as soon as the review is complete.
Thank you for your patience and understanding as we complete this review
2018 Pre-Retirement Education Program Concludes:
We have concluded the Pre-Retirement Education Program (PREP) for 2018. Thank you to the more than 1,300 KRS members and over 200 participating employer Reporting Officials who joined us for PREP sessions held throughout the state. According to participant surveys, the PREP sessions were a resounding success once again this year.
We plan to host a new series of PREP sessions in 2019. We will post information on our website and in our social media outlets once the plans are finalized early next year.
Senate Bill 151 Status:
On June 20, 2018 Franklin Circuit Court Judge Phillip Shepherd ruled Senate Bill 151, the pension reform bill, unenforceable because the legislative process violated certain provisions of the Kentucky Constitution. Judge Shepherd's ruling does not affect other bills related to KRS that were enacted during the 2018 legislative session.
The case has been appealed to the Kentucky Supreme Court and a hearing was held on September 20, 2018, but the Supreme Court has not issued their ruling yet. We will post additional information on this website and in our social media outlets when it becomes available.
View Pension Reform Summary
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