‘Air time’ and public pension funding

USA Today has a package of stories on public pensions. Specifically, the stories explain how the purchase of “air time,” a method of pension spiking, contributes to pension funding problems. In short, “air time” is credit for work not performed. Workers can pay for this extra service credit as a share of their current salary.…

Does Kentucky need another taxpayer-supported university?

Should the private University of Pikeville become a state-run institution? Not surprisingly, Paul Patton, the school’s president and former Kentucky governor, thinks so. The Lexington Herald-Leader reports that Patton believes “the move would benefit Eastern Kentucky by lowering the cost of attending Pikeville, making higher education accessible to more people. The annual cost to attend…