Welcome Visitor. Today is Friday, July 12, 2024. Sign-on
Follow Us On Facebook
Teachers file federal lawsuit against Kentucky Teachers Retirement System

Press release:

Today at 3PM Louisville Teachers filed a Federal Lawsuit against their own retirement system for cutting take home pay nearly 4%. Besides the trustees and staff of the Kentucky Teachers Retirement System (KTRS) they name Frankfort Politicians, Wall Street Money managers and even their own union.

This Federal class action suit claims that the mismanagement of the Kentucky Teachers Retirement Systems (KTRS) which has created the worst funded state teacher plan in the U.S. has been put on the backs of Teachers as it forced the teacher's employee contribution up forty percent , which resulted in a nearly 4% cut in take home pay.

The KTRS mismanagement suit was originally filed in Jefferson Circuit Court, where the Judge said it would have to be refilled in Franklin Circuit Court. Dr.Wieck is concerned that the KTRS attorney's hiring of the Franklin Circuit Judges son as his law clerk would prevent a fair trial in that court. Given the recent initiative by the FBI on public corruption in Kentucky and the success of 7 counties in Federal Court against Kentucky pension corruption, Dr.Wieck decided to file in Federal Court.

Chris Tobe, CFA

Public Pension Consultant

Printer-friendly format

Do you know someone else who would like to see this?
Your Email:
Their Email:
(Will be included with e-mail)
Secret Code

In the box below, enter the Secret Code exactly as it appears above *


website hit 
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: