
David Adams, The campaign manager for Phil Moffett post this comment on Facebook
“wonders how many Kentuckians know we will be paying Greg Stumbo 100% of Attorney General salary in retirement for the rest of his life unless he is convicted of certain felonies related to his official activities.”
Which got me to thinking about how much retirement and the folks running for Governor and Lt. Governor would get or already get in Government Retirement Benefits.
On the low end benefits are Phil Moffett and Gatewood Galbraith running for Governor and Dea Riley running for Lt. Governor. Their retirement benefits would be based on the 4 years they would serve in office. The current salary for the Governor is $129,798 and the Lt. Governor is $110,346.
“wonders how many Kentuckians know we will be paying Greg Stumbo 100% of Attorney General salary in retirement for the rest of his life unless he is convicted of certain felonies related to his official activities.”
Which got me to thinking about how much retirement and the folks running for Governor and Lt. Governor would get or already get in Government Retirement Benefits.
On the low end benefits are Phil Moffett and Gatewood Galbraith running for Governor and Dea Riley running for Lt. Governor. Their retirement benefits would be based on the 4 years they would serve in office. The current salary for the Governor is $129,798 and the Lt. Governor is $110,346.
Next up would probably be Bobbie Holsclaw, her time at as Jefferson County Clerk, (11 years at $108,721 per year) would count along with the salary as Governor.
Then there is Mike Harmon, Phil Moffett’s running mate, who will convert his eight years in the
General Assembly, just like Stumbo, from the Legislative Retirement System to the Kentucky Employees Retirement System. His pay off wouldn’t be as big as Stumbo’s, but pretty nice return on investment none the less.
Steve Beshear would get his time as member of the General Assembly, Attorney General and Governor all folded together, given the six figure salary that will make a nice chunk of change.
Richie Farmer will be able to just maintain his $110,346 salary he has been getting as Commissioner of Agriculture if he steps into the role as the Lt. Governor. Assuming he could stay in that role for 8 years and then do 8 as Governor, that would be a nifty piece of retirement planning.
Let us not forget David Williams, converting 28 years in the legislature. After 4 years he is instantly is eligible to retire with a nice benefit amount.
But the biggest dipper into the retirement system would be Bobbie Holsclaw’s running mate Bill Vermillion. The retired Command Master Chief is already getting somewhere between $71,000 and $79,000 from the Navy. He would be able to convert his time in Teacher’s Retirement to the Kentucky Retirement System. This should pretty well guarantee a six figure retirement.
So if you are going to pick your Governor and Lt. Governor by who will benefit least from the state retirement you are going to have to go with Gatewood/Riley.


