Gov. Beshear Announces Refinancing of Bonds to Protect Retired School Teachers' Health Care Benefits
August 19, 2010
August 19, 2010
FRANKFORT, Ky., Aug. 19 -- Gov. Steve Beshear, D-Ky., issued the following news release:
Gov. Steve Beshear today announced that the Kentucky Asset/Liability Commission (ALCo) has sold $468 million in taxable notes this week to refinance obligations that will help protect health care benefits for Kentucky's retired teachers. The bond sale will refinance loans the state obtained beginning in 2005 from the Kentucky Teacher's Retirement System (KTRS) Pension Fund to pay the . . .
Gov. Steve Beshear today announced that the Kentucky Asset/Liability Commission (ALCo) has sold $468 million in taxable notes this week to refinance obligations that will help protect health care benefits for Kentucky's retired teachers. The bond sale will refinance loans the state obtained beginning in 2005 from the Kentucky Teacher's Retirement System (KTRS) Pension Fund to pay the . . .