The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS),[1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.[2][3][4][5] KPPA oversees Kentucky's three separate retirement systems: Kentucky Employee Retirement System (KERS), County Employee Retirement System (CERS) and State Police Retirement System (SPRS).[2][6] CERS and KERS are multiple-employer, cost-sharing defined-benefit pension plans with Non-Hazardous and Hazardous members.[2] SPRS is a single-employer, defined-benefit pension plan with Hazardous members. Each system covers regular full-time members employed by the participating agencies.[7] Kentucky's public employee pension system has been ranked one of the most underfunded public pension systems in the country.[8][9][10][11][12][13][14]
^Cheves, John (April 7, 2021). "New look, same old debt: KY's state pension rebrands itself, as lawmakers ordered". Lexington Herald Leader. Retrieved July 13, 2021.
^ abc"About KPPA". Kentucky Public Pensions Authority. Retrieved July 9, 2021.
^"CHAPTER 61.525 Membership". Retrieved November 24, 2020.
^Kozlowski, Rob (March 27, 2020). "Kentucky OKs bill to separate county pension plan administration from state system". Pensions&Investments. Retrieved July 12, 2021.
^Sonka, Joe (May 14, 2021). "Long-awaited report on Kentucky pension system investments is in". The Courier Journal. Retrieved July 13, 2021.
^Barnett, Chip (June 3, 2021). "S&P: Kentucky's pension funding ratios weak despite improvements". The Bond Buyer. Retrieved July 14, 2021.
^"KRS Summary Financial Report 2019" (PDF). Retrieved November 24, 2020.
^Suneson, Grant (December 11, 2020). "Retirement warning signs? Pension crisis hits states. Here's the biggest, smallest funding shortfalls". USA Today. Retrieved July 9, 2021.
^"Pension Reform". Kentucky Chamber of Commerce. Retrieved July 9, 2021.
^Pinchin, Karen (December 10, 2019). "As a New Governor Takes Office, Kentucky Pensions Still on the Brink". PBS Frontline. Retrieved July 9, 2021.
^Burnham, Christopher (June 29, 2018). "Kentucky Retirement Systems: A Case Study Of Politicizing Pensions". Forbes. Retrieved July 13, 2021.
^Bauer, Elizabeth (July 9, 2020). "Public Pensions Update: How Are The Bottom Four Responding To The Covid Recession?". Forbes. Retrieved July 13, 2021.
^Mooney, Attracta (June 10, 2016). "Kentucky, home to the worst-funded pension plan in the US". Financial Times. Retrieved July 13, 2021.
^Mennis, Greg (July 11, 2020). "The State Pension Funding Gap". PEW. Retrieved July 13, 2021.
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