NOTE: Our Kentucky Retirement Systems coverage is usually on Page One. But this is relevant enough to share here.
Want to understand the Kentucky Retirement Systems underfunding problem with just one sheet?
Take a look at this CAFR from 2010:
CLICK FOR PDF
Making 80% of the payment would be like you making just 80% of your mortgage payment. And it’s not legal for most corporate and public plans, the largest exceptions being Illinois and Kentucky.
Legislators took care of themselves and screwed employees and retirees.
The sheet above shows you why teachers (KTRS) are now flowing down the same death spiral as KERS. In 2010, teachers had their pensions shorted more than $200 million and retiree health accounts some $280 million.
A new education advocacy group calling itself “Kids First Louisville” has launched a strategically-timed radio ad. “I hope we will all open our eyes — the community as a whole,” said David Nicklies of Kids First Louisville. [WDRB]
Louisville’s Metropolitan Sewer District has been slapped with a $161,000 fine for allowing nearly 400 illegal sewage discharges in 2011 and 2012 that spilled more than 100 million gallons of sewage into local waterways. That’s on top of another fine of $329,000 issued in June 2011 for similar overflows. [C-J/AKN]
Louisville Metro Police continue to get more information about a man suspected of trying to lure kids to his car. [WHAS11]
Six Flags Over Jesus is getting all kinds of rough national media attention these days. [The Advocate]
The federal case against Stan Curtis was back in court Wednesday, but without Curtis. Earlier this year, he tried to plead guilty to embezzling more than $180,000 from USA Harvest. [WLKY]
Kentucky ranks 45th out of 50 states when it comes to the health of senior citizens, according to a report issued by the non-profit United Health Foundation. [H-L]
State and city leaders broke ground on the construction of a new bridge that will further connect southern Indiana to Kentucky. [WAVE3]
This year’s July 3-4 Waterfront Independence Festival free fireworks and music gala could be the final installment if major additional sponsorships aren’t found. [C-J/AKN]
On Tuesday, the New Albany Redevelopment Commission voted in favor of allowing the state to rule on whether the purchase of a home by a city council member’s niece would constitute a conflict-of-interest. [News & Tribune]
Yum! Brands Inc. has opened a KFC restaurant in Mongolia, its first in the country. [Business First]
Louisville Metro Councilman David James, D-6, joined police officers on a safety walk in the Victory Park area to alert residents about increased enforcement this summer, but neighborhood leaders worry the heavier presence will result in harassment and profiling. [WFPL]
Wednesday marks a big day in the years-long quest to build two new Ohio River bridges. Louisville Mayor Greg Fischer and Indiana Governor Mike Pence will officially celebrate the start of construction on the East End bridge. [WDRB]
When the Waterfront Park master plan was approved in 1991, no decision had been made on where to build any new bridges between Louisville and Southern Indiana. [C-J/AKN]
Local families are begging for help after trying to reach their loved ones graves on Memorial Day. The Greenwood Cemetery in West Louisville is considered abandoned property and right now the plan for upkeep isn’t working. The headstones mark loved ones who are gone, and appear to be forgotten. [WHAS11]
If you missed it, Kentucky Retirement Systems can now be done with SAC Capital. That’s kind of a huge deal. [Page One]
Closing arguments in the trial of Jeffrey Mundt are expected Wednesday morning. In the courtroom on Tuesday, the defense presented several witnesses in their case including Jason Roberts, an inmate being held in Georgia who was transported to Jefferson County to testify. [WAVE3]
US house prices in March were up 10.9% from a year earlier, the best annual rise in nearly seven years. According to the closely-watched Standard & Poors/Case-Shiller index, all 20 US cities measured posted annual gains for the third straight month. [BBC]
Steve Beshear and his wife, Jane, released 2012 state and federal income tax returns Tuesday that showed a total joint gross income of $252,164 — an increase of more than $55,000 from 2011. [H-L]
For the second time in five months, a Bullitt County constable is in jail on drug charges, this time accused of selling heroin to a Sheriff’s Office informant. [WLKY]
Sometimes bridges might not seem like progress to the average Hoosier. Just ask anyone who had to travel over to Louisville when the Sherman Minton was shut down for nearly five months not so long ago. [News & Tribune]
John Schnatter, chairman and CEO of Papa John’s International Inc., took to Facebook to apologize for an incident involving racist remarks made by one of the pizza giant’s former employees in Sanford, Fla. [Business First]
Federal investigators have not yet determined the cause of the October 2012 train derailment in southwestern Jefferson County. [WFPL]
Louisville largest church is cutting ties with the Boy Scouts. It comes just days after the national organization decided to drop its ban on gay youth. No wonder so many gay folks who are affiliated with that church commit suicide. And before anyone gets their panties in a twist: there have been several. [WDRB]
Extended workdays and extra pay at Jefferson County’s lowest-performing public schools. More local school control over teacher transfers. And more limits on the time educators spend outside the classroom on union business. [C-J/AKN]
Three Shepherdsville firefighters were injured Monday afternoon when their fire truck overturned at the intersection of I-65 and Cedar Grove Road. [WHAS11]
The Kentucky Center for the Performing Arts has revised its plans for the building’s green roof. Really, you thought that would actually happen? [WFPL]
As funeral arrangements are made for Officer Jason Ellis, Kentucky State Police and other agencies are working around the clock to find his killer. [WLKY]
If you tend to ignore the Slugger Museum? Don’t. Here’s why. Cool things like this are always happening and it’s a big deal for Louisville. [Business First]
A judge has not made a decision whether or not the death penalty is on the table for the man accused of killing a Sullivan University student. [WAVE3]
Will flowers be enough to spruce Jeffersonville up? While families headed off to lakes, parties and backyard barbecues last weekend for the holiday, Jim McCoskey was digging in the dirt. [News & Tribune]
Kentucky House leaders have appointed state Rep. Derrick Graham, D-Frankfort, to be chairman of the House Education Committee. This wasn’t earth-shattering news, so we didn’t hype it up on Friday as other outlets did. [H-L]
Here’s a flashback for those who are still wondering why Kentucky’s educational system is so screwed up. [Page One]
The number of suburban poor grew substantially in the 13 counties surrounding Louisville, up 72 percent since 2000. The trend mirrors a pattern of increasing poverty outside the urban core in 100 metro regions nationwide, according to the Brookings Institution. [C-J/AKN]
Awww, lookit, Al Mohler is really upset that the Boy Scouts have decided to stop hating on gay kids. He’s the Rush Limbaugh of the church world. But even Rush Limbaugh isn’t that uptight. [WDRB]
The Louisville Metro Council on Monday approved a resolution urging Norfolk Southern Railroad to allow cyclists and pedestrians on the K&I Bridge, which connects the city’s Portland neighborhood with New Albany, Ind. [C-J/AKN]
A Louisville man is facing multiple charges after police said he was found walking on Eastern Parkway carrying 10 stolen signs. Ron Liebermann is really mad about Willow Grande, maybe. Or maybe he needs help. Because, hoo boy, arrested at YMCA, protesting Ramsi’s after getting fired, getting arrested outside the federal courthouse…. [WHAS11]
If you thought other agencies weren’t getting in on the Kentucky Retirement Systems fun? Let’s just say you were living in a dream world. [Page One]
The Kentucky State Fair Board is waiting to hear from the state’s Department of Housing, Buildings and Construction on how safe or unsafe Cardinal Stadium may be. [WAVE3]
A former Louisville police officer who was shot in the line of duty in 1972 will be remembered Friday. Bobby Branham, 76, died May 14 after surgery for scar tissue growing where he was shot 41 years ago, said his wife, Mary Carroll Burnett. [C-J/AKN]
Judge Mitch Perry has reversed his decision, and will accept the commonwealth’s request to allow Joseph Banis to testify against Jeffrey Mundt. [WLKY]
The relationship between the Kentucky State Fair Board and the KFC Yum Center has moved closer to conclusion with the fair board’s approval of a compensation plan for its costs from running the arena. [WFPL]
It started with a magazine ad. “I saw a beer-making kit advertised in ‘Field & Stream’ magazine,’ ” said Jerry Gnagy, brewmaster and part-owner of Against the Grain Brewery & Smokehouse, located at Louisville Slugger Field. [Business First]
Wondering who in Frankfort causes the entire country to laugh at the Commonwealth of Kentucky? Start with Mike Wilson and his mind-blowing… click the clicky, you’ll see. [More Page One]
A potential conflict of interest regarding the Midtown Neighborhood Stabilization Project and involving New Albany City Councilwoman Diane McCartin-Benedetti will be the topic of a special meeting Tuesday morning. [News & Tribune]
An eight-year veteran of the Kentucky State Police has been recognized as Trooper of the Year. Trooper Charles J. Senters was singled out for the award Thursday. [H-L]
According to the Kentucky Education and Workforce Development Cabinet’s Office of Employment and Training, unemployment rates dropped in 49 counties from April 2012 to April 2013. 63 counties had increases and 8 remained the same.
From a release:
Woodford County recorded the lowest jobless rate in the Commonwealth at 5.4 percent. It was followed by Oldham County, 5.6 percent; Fayette County, 5.9 percent; Ohio and Shelby counties, 6 percent each; Daviess and Scott counties, 6.1 percent each; Franklin and Hancock counties, 6.2 percent each; and Boone, Henderson, Madison and Spencer counties, 6.3 percent.
Magoffin County recorded the state’s highest unemployment rate — 16.9 percent. It was followed by Leslie County, 15.8 percent; Fulton County, 15.6 percent; Harlan County, 15.5 percent; Letcher County, 15.3 percent; Bell County, 14.2 percent; Knott County, 14.1 percent; Jackson County, 13.3 percent; Menifee County, 13.1 percent; and McCreary and Perry counties, 12.7 percent each.
In Louisville (Jefferson County), which is part of KIPDA, that means: the labor force is 370,593, employment is at 342,886, 27,707 people are unemployed. In April 2012 8.1% were unemployed, in March 2013 8.4% were unemployed, in April 2013 7.5% were unemployed.
The entire KIPDA region: labor force of 481,298, 446,423 employed, 34,875 unemployed. In April 2012, 7.9% were unemployed, in March 2013 8.2%, in April 2013 7.2%.
If you have some free time, you should consider digging through the statistics (Warning: External PDF Link) to take a look at each county’s data.
Vegeterian? Vegan? Low-carb? Gluten-free? Body builder? Getting healthy? Vitamins? Herbs? Just want healthier snacks? May be strange to link to but Jake swears by this place & loves tons of products there. How do you think he lost half a person? Plus we get a referral fee if you make a purchase!