Politics & Government

November 19, 2014 5:05 PM

Funding level of Kentucky pension system for state workers drops to 21 percent

The Kentucky Teachers' Retirement System urged state lawmakers on Wednesday to consider issuing a 30-year bond of either $1.9 billion or $3.3 billion to boost its sagging pension fund, which only has 51 percent of the assets it's expected to need for future payouts.

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