House passes Speaker Stumbo’s bill to strengthen teachers’ retirement system

Posted February 24, 2015 at 6:54 pm

With bipartisan support, the Kentucky House of Representatives voted 62-31 this evening for House Speaker Greg Stumbo’s plan to help the Kentucky Teachers’ Retirement System significantly reduce its long-term liability.

“We have a narrow window of opportunity to put this retirement system back on much stronger footing financially,” Speaker Stumbo said. “Under House Bill 4, we can take advantage of historically low interest rates and the KTRS’ much-higher rates of return with its investments. This approach will help us better insure the system’s viability for years to come, which is what our teachers and their retirees deserve.”

HB 4 is based on a proposal that KTRS unveiled late last year to legislators. In short, it calls for the state to issue $3.3 billion in bonds for the system, which has

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    Friday’s Booster Club events postponed

    Posted February 17, 2015 at 7:15 pm

    A trio of events that had been planned this Friday by the C.C.H.S. Basketball Boosters Club has been postponed until further notice, according to Booster Club President Kim Gibson.

    Gibson told the

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    Thompson accepts plea in Sidwell murder case

    Posted February 17, 2015 at 7:14 pm

    A Clinton County man charged with a co-defendant in relation to the murder of another Albany man, Jimmy Sidwell, Jr., in October 2013, has agreed to accept a 35-year prison sentence for his alleged role in that crime.

    During a pretrial conference

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    IDA elects officers, discuss loan numbers

    Posted February 17, 2015 at 7:13 pm

    The Clinton County Industrial Development Authority held its first meeting of 2015 last Thursday morning at the IDA-Welcome Center. Six of seven members were on hand for the board’s regular meeting.

    The board first re-elected officers, with all current officers being nominated

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    School board meets

    Posted February 17, 2015 at 7:13 pm

    The Clinton County Board of Education held a combination meeting and work session last Thursday evening, February 12 with all board members present. Also on hand were Finance Director Mike Reeves and Principals Tina Langford and Tim Armstrong of the ECC and AES, respectively.

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    APD releases January activity report

    Posted February 10, 2015 at 9:52 pm

    Albany Police Department has released its activity report for the month of January 2015. During the month, 26 citations were issued involving 23 separate violations.

    During January, citations were issued for the following: two each for assault-4th degree, no insurance, and shoplifting.

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    Missed school days being added to year

    Posted February 10, 2015 at 9:37 pm

    Winter is still about one third from being over and the threat of bad weather and/or weather related illness will exist for awhile. Local school officials are hoping they won’t have to miss many more days, if any, prior to the end of the 2014-15 school

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    Higher drop-out age to take effect next year

    Posted February 10, 2015 at 9:37 pm

    On January 26, Governor Steve Beshear, First Lady Jane Beshear and Kentucky Department of Education Commissioner Terry Holliday gathered to praise local boards of education across Kentucky and celebrate a statewide increase in the compulsory school attendance age.

    Senate Bill 97 (2013),

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