Monthly Archives: November 2017
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
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.