Kentucky Employees Retirement System
public plan · State of Kentucky · Frankfort, KY
CRITICAL
F
Pension Health Score
33/100
Funding Status20% Funded
0%80% threshold100%
$6.7B
Total Assets
$33.8B
Total Liabilities
$27.0B
Unfunded Liability
141,685
Participants
Funding History
What This Means for You
Kentucky Employees Retirement System is significantly underfunded at 20%, with $27.0B in unfunded liabilities affecting 141,685 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 | $6.7B | $33.8B | 19.9% | $303.2M |
| 2024 | $6.5B | $33.2B | 19.6% | $300.4M |
| 2023 | $6.3B | $34.6B | 18.2% | $256.3M |
| 2022 | $5.8B | $32.1B | 18.2% | $289.9M |
| 2021 | $5.8B | $39.2B | 14.8% | $266.8M |