Foiled in state court, a Jefferson County Public Schools teacher filed a federal court suit Monday claiming the Kentucky Teachers’ Retirement System illegally raised teachers’ share of pension contributions to shore up a retirement plan that is only half-funded.
Randolph “Randy” Wieck, a history teacher at DuPont Manual High School, launched the legal battle last November by filing suit in Jefferson County Circuit Court. The case was dismissed with a recommendation that it be refiled in Franklin County, he said.
Instead, Wieck filed the lawsuit in U.S. District Court in Louisville. As before, Wieck is asking that the roughly 141,000 teachers and school system retirees in Kentucky be allowed to participate in the suit. He is joined in the suit by Manual English teacher Betsey Bell and retired Manual librarian and English teacher Jane Norman.
Kentucky’s active and retired teachers are apprehensive about the solvency of their state-funded retirement. As of its last audited annual financial report on June 30, 2014, KTRS was only 53.6 percent funded with $16.2 billion in assets and $30.2 billion in obligations. A bill calling for the sale of $3.3 billion in bonds, which would have raised the KTRS funding level to 66 percent, failed in the 2015 legislative session.