Please follow and like us:

The Kentucky General Assembly is in special session today and they’re trying to fix the broken pension system. Well, at least they’re trying to fix part of it. The legislature is providing relief for regional universities, county health departments and many other quasi-governmental agencies faced with surging pension costs. Each of these groups are required by law to put significantly more into their pension system. However, one projection said that it would deplete local health departments budgets in 64 Kentucky counties to such an extent that they’d be forced to close within two years. Addressing the underfunded and structurally broken pension has been difficult. And this latest effort is just one piece to the complicated puzzle. It doesn’t address the failing teachers or state worker’s pensions which has been the toughest part.

0 Comments

Submit a Comment

Your email address will not be published.

Related Post

Winning the Lottery

Will big money make you happy? Two people who claimed the third biggest lottery in history will...

Unhappiness in America

1 in 8 Americans took antidepressants in 2019. After the COVID pandemic, it’s expected that the...

Commonwealth Policy Center