For months, Kentucky lawmakers have been studying how to handle Kentucky's underfunded pension system. But the problems of the system have been occurring for longer than just a few months. Various proposals are on the table, but lawmakers may not have much time to come to a compromise.
After years of lawmakers attempting to find solutions to the state’s underfunded pension problems, a group of Republican legislative candidates are hoping to institute a plan of their own. At a news conference Wednesday at the Capitol, the majority of Republican challengers in House and Senate races endorsed a plan to put new lawmakers into a 401k style pension system.
During a Wednesday morning meeting with faculty and staff at Eastern Kentucky University, President Doug Whitlock announced his retirement. Whitlock, who has spent his entire higher education career at EKU, says his administration will end at the conclusion of this academic year.
Millions of Americans who would like to consider retirement are facing an uncertain future. As Dan Modlin reports, recent losses in the stock market and drastically lower interest rates on savings are creating a "retirement challenge" for many.........