5:23pm

Thu December 6, 2012
The Commonwealth

Kentucky Retirement System Projected to Decline

Kentucky’s largest retirement fund for state employees, the Kentucky Employees Retirement System non-hazardous plan, has less than a quarter of the money needed to pay projected benefits, say actuaries with Cavanaugh Macdonald Consulting. Tom Cavanaugh, CEO of the actuarial firm, told the Kentucky Retirement Systems Board of Trustees Wednesday that the KERS non-hazardous plan is projected to dip below 10 percent funded in 2019 before improving.