The average pension for retired KY state workers(through the Kentucky Retirement System--KRS) is approximately $30,000 a year. There is an elite ggroup of people with political influence, that are “Pension Millionaires.” Their pensions generate over $100,000 a year. UL's Jim Ramsey is a member of this club (see below).
Ever wonder how many Kentuckians are getting $100,000+ pensions. KRS still wants to keep it secret but in California judges are ruling it is public record.
UofL's Ramsey paid $1.9 million for retirement loss
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By Ryan Alessi - email@example.com
The University of Louisville Foundation paid U of L President James R. Ramsey $1.9 million in 2007 to compensate him for state retirement benefits he forfeited, according to the foundation's most recent filing with the IRS.
Ramsey, who became president of Kentucky's second largest public university in 2002, had spent 17 years working for state government, including serving as state budget director under former Gov. Paul Patton between 1999 and 2002.