KY Supreme Court Strikes Down Teacher Pension Law

The Kentucky Supreme Court has struck down a pension law that prompted thousands of teachers to protest at the state Capitol.Kentucky has one of the worst-funded public pension systems in the country. The state is at least $38 billion short of the money it needs to pay benefits over the next three decades.In April, Republican Gov. Matt Bevin signed a law that made changes to the pension system that would mostly affect future hires.Democratic Attorney General Andy Beshear sued to block the law.The court has ruled the law unconstitutional because the legislature didn’t vote on it three times over three separate days as the state constitution requires.

Source: MG News

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