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Lawmakers vote to revamp Kentucky Teachers pension plan Kentucky state Rep. C. Ed Massey The Kentucky House of Representatives voted to approve a bill that would move participants in the Kentucky Teachers Retirement System, Frankfort, to a hybrid plan. The House voted 68-28 in favor of the bill, which creates a tier for teachers hired after Jan. 1, 2022. Rep. C. Ed Massey sponsored the bill because the $21.6 billion pension fund has a huge unfunded legacy, he said in a telephone interview. The changes for teachers hired after Jan. 1 creates a true hybrid plan, Mr. Massey said. There s a defined benefit component and a defined contribution component. The idea is the defined benefit piece is a Social Security replacement, and the defined contribution piece becomes portable so it gives new hires the opportunity to move back and forth, Mr. Massey said.

United statesCavanaugh macdonaldTed masseyAndy beshearKentucky legislatureKentucky houseKentucky teacher retirement systemSocial securityஒன்றுபட்டது மாநிலங்களில்கவனக்குக்ஹ் மெக்டொனால்ட்எட் மஸ்ஸிஆண்டி பெஷர்கெந்‌டகீ சட்டமன்றம்கெந்‌டகீ வீடுகெந்‌டகீ ஆசிரியர் ஓய்வு அமைப்புசமூக பாதுகாப்பு