Really, the only positive pension legislation proposed this session has nothing to do with reform.
It’s Senate Bill 57:
AN ACT relating to the disclosure of public retirement information.
Amend KRS 61.661, 161.585, and 21.540 to require the Kentucky Retirement Systems, Kentucky Teachers’ Retirement System, and the Judicial Form Retirement System, to disclose upon request the names, status, projected or actual benefit payments, and other retirement information of each member or recipient of a retirement allowance of the systems; require the systems to also make the information available on a searchable database on the systems’ Web site or on a Web site established by the executive or judicial branch to provide government expenditure and salary data to the public.
The actual bill is twelve pages of junk that mostly relates to subpoenas.
While this does next to nothing to clean out the corruption at Kentucky Retirement Systems and has nothing to do with funding, a little transparency would be nice.
We’re sure the legislature will find a way to kill the bill or amend it to death.