Kentucky County Employees Retirement System
public plan · State of Kentucky · Lexington, KY
ACTIVE
D
Pension Health Score
45/100
Funding Status44% Funded
0%80% threshold100%
$9.4B
Total Assets
$21.4B
Total Liabilities
$12.0B
Unfunded Liability
175,988
Participants
Funding History
What This Means for You
Kentucky County Employees Retirement System is significantly underfunded at 44%, with $12.0B in unfunded liabilities affecting 175,988 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $9.4B | $21.4B | 44.0% | $353.1M |
| 2024 | $8.9B | $20.6B | 43.1% | $438.9M |
| 2023 | $8.7B | $21.0B | 41.2% | $369.2M |
| 2022 | $8.4B | $25.2B | 33.4% | $443.6M |
| 2021 | $7.8B | $20.2B | 38.7% | $348.2M |