West Virginia is starting to figure out how much the practice of letting public employees trade in unused sick leave time is going to cost them.
Kentucky public workers can cash out unused sick and vacation time when they leave their jobs. Adding this to the unfunded liability we have already calculated will not bring good news. If Frankfort lawmakers think they have trouble balancing the budget now, they will really have their work cut out for them when they get serious about paying for these future benefits. Better get to it quickly. And borrowing the money isn’t a sustainable strategy. Spending less on government is the only feasible approach.