News

2018 General Election Countdown:


Poll Workers Needed!

Poll Worker Information: 1- Are you registered to vote? 2- Are you willing to attend a training session? 3- Are you available to work up to 13+ hours on Election Day? If you answered YES to all of the above questions, you may be eligible to be a poll worker. Any citizen registered to vote […]

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Equal Pay Day

From our friends at the Kentucky Democratic Party: For more information on this bill (HB179), click here.

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Vietnam Veterans Day

From the White House: On Tuesday, March 28, 2017, the President signed into law: S. 305, the “Vietnam War Veterans Recognition Act of 2017,” which encourages the display of the U.S. flag on March 29, National Vietnam War Veterans Day. It is Vietnam Veterans Day. Please honor these veterans. They deserved better and still do!

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Worker Protections Undermined by SB 237

Read from Kentucky Center for Economic Policy’s Anna Baumann: Worker Protections Undermined by SB 237 A number of harmful bills affecting wages and working conditions have passed this session, making it a year of setbacks for workers already. But SB 237 would make things worse. It shrinks state workplace protections and the number of workers […]

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Who here is ready to get to work building grassroots power in Bullitt County? We need people in each of Bullitt’s precincts out there, talking to their neighbors, getting active and getting organized. Most of our precincts are already hard at work.

If you haven't been to one of our meetings yet and would like to plug in, comment here or send a message to the page and we will connect you with other Democrats in your area so you can get involved.

We saw what happened in Virginia, New Jersey and other places when ordinary people got together and got to work.

Grassroots power wins elections!
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At what extra cost for the re-do and who is paying for it?

State Budget Director John Chilton will call upon Cavanaugh Macdonald to redo its analysis of the Teacher Retirement System (TRS) pension bill utilizing a more appropriate set of assumptions for comparative purposes.
Cavanaugh Macdonald’s initial analysis of the current pension proposal uses assumptions that are very different from those in its annual valuation reports, including significant changes in retirement patterns and an investment return assumption very different from the rate recently approved by the TRS Board. The request for the recalculation recognizes that there will be certain assumption changes based upon the pension proposal, but the changes by Cavanaugh MacDonald regarding assumed investment returns and future retirement patterns were significant departures from those used in prior valuations.

While the statutes require a 20-year analysis, the State Budget Director will request the analysis be extended to 30 years so that the long-term effects of the pension proposal can be modeled within the 30-year amortization period contained within the legislation.

“The actuarial assumptions in Cavanaugh Macdonald’s most recent report are significantly different from those in the actuarial calculations provided to our consultants during the planning process," said State Budget Director John Chilton. "In the past, a lack of realistic and rational actuarial assumptions helped obscure the distressed financial status of the plans and contributed to the long-term unsustainability of the plans. We will ask Cavanaugh Macdonald to prepare calculations with several alternative assumptions so that policy makers can make informed decisions based on scenarios that include realistic assumptions and that are satisfactorily reconciled with those that Cavanaugh Macdonald provided in the past.”
Actuarial calculations help to inform policy makers as they consider proposals in the legislative process. Neither Cavanaugh Macdonald nor any other firm sets policy for Kentucky. Firms need to provide the full scope of information necessary to help understand how the future might look. There is no one single scenario that can be known in advance, and a recalculation of the analysis based upon the request provided by Director Chilton will provide a more complete picture of what the possible outcomes will be realized from the pension proposal.
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Calendar of Events

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  • Thanksgiving
    All day
    11/23/2017

    No additional details for this event.

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December
December

Executive Committee

Executive Committee Officers

Chair
Vice-Chair
Treasurer
Rebekah Witherington
James Southern
Debby Stinson

Executive Committee Members

Linda Belcher
Dennis Chumbley
Alice Harris
William Higgins
Ann Howell
Marshall Howell
Tony Jevans
Bruce Johnson
Martha Knox
Jennifer Lawless
Aaron Marks
Leon Remington
Florence Ryan
Jessica Schaaf
Harold "Tony" Thompson
Bob Tobbe
Sherry Tobbe
Brandi Warren
Greg Whitlow