Monthly Archives: November 2017

Kentucky’s Growing Pension Pain

There is a growing gap between pension obligations and outstanding liabilities. This is a concern for retired public servants relying on a comfortable pension fund to sustain their future. Inaction on part of lawmakers to close the gap is unacceptable. Kentucky is an example of a state with a mismanaged pension crisis. The annual report revealed that the five pension plans that make up the Kentucky Retirement System increased from $21.17 to $26.75 billion in the last fiscal year. The … Read More

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California’s Expensive Pension Problem

It’s no secret that California has a serious pension problem that is weighing on the state’s budget with its massive unfunded liabilities growing by the day. The Association of California Cities – Orange County (ACC-OC) recently published a study on the current state of California pensions and the results are far from golden.

The group found that for the third year in a row, the California Public Employees’ Retirement System (CalPERS) failed to produce the revenues to meet its current … Read More

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