Gov. Bevin: Save Our Pensions

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Gov. Bevin: Save Our Pensions

This petition had 4,689 supporters

In 1938, the State of Kentucky entered into an inviolable contract to provide pension benefits to its teachers.  According to state law KRS 161.714, these pension benefits are teachers’ earned compensation promised by the State and the State must fund them.  Why did the Legislature promise this to teachers all those years ago?  Because Kentucky’s children deserve the best education, and they knew that pension security ensures that every child is taught by professionals who have put in the time and effort to earn the qualifications needed to give our children the education they deserve.

Since the Kentucky Teachers Retirement System (KTRS) was founded, teachers have always contributed a significant portion of their salary towards their retirement.  No teacher has ever missed a payment or paid late since the pension fund was founded in 1938.  However, since 2008 the State has not made the required annual contributions for teachers’ pensions.  If Kentucky continues to neglect its obligation to fund teachers’ retirement, KTRS funds will be exhausted by 2036.  This is a CRISIS situation!

Petition Closed

This petition had 4,689 supporters