Bluegrass Beacon: The due process of defining pension benefits

Editor’s note: The Bluegrass Beacon column is a weekly syndicated statewide newspaper column posted on the Bluegrass Institute website after being released to and published by newspapers statewide. “Can pension benefits be cut?” My answer to the reporter’s question may sound political but when it comes to Kentucky’s responsibility to its public servants, it’s nevertheless…

More from #kyga17: Pension transparency bills book-ended busy session

Back-to-back pension transparency bills – Senate Bills 2 and 3 – provided strong bookends for a busy 2017 session of the Kentucky General Assembly. Along with passage during the session’s historic first week of Sen. Chris McDaniel’s SB 3, which makes legislators’ pension benefits subject to open-records requests – an issue pushed by the Bluegrass Institute’s…

Bluegrass Beacon: Giving unaffordable pension benefits an economically fatal practice

Like Bernie Sanders refuses to acknowledge socialism’s devastating impact on previously prosperous Venezuela, supporters of Kentucky’s pension status quo – who seem largely illiterate about how defined-benefit systems work – refuse to concede that inadequate funding is not the primary cause of the commonwealth’s pension woes. If it was, then why is the County Employees’…

BIPPS’ pension testimony: It’s the benefit structure that’s the problem

The Bluegrass Institute Pension Reform Team offered its presentation “Sound Solutions for Kentucky’s Pension Crisis” at a recent meeting of the state’s Public Pension Oversight Board. Dr.  William Smith told board members that addressing Kentucky’s public-retirement crisis is key to understanding and confronting the structural imbalance of the benefits system.   Bluegrass Institute Board member Aaron…

News Release: Confronting pension crisis calls for reforming benefits structure

For Immediate Release: Monday, March 27, 2017   (FRANKFORT, Ky) – While most of the recent discussion regarding public-pension reform has focused on funding levels and investment returns, Bluegrass Institute Pension Reform Team (BIPRT) member Aaron Ammerman told the state’s Public Pension Oversight Board today that the retirement systems’ benefit structure is “the most significant…

News Release – Pension transparency: Elected officials who kept their word

For Immediate Release: Friday, January 13, 2017 Contact: Jim Waters @ 859.444-5630 (office) 270.320.4376 (cell)  (FRANKFORT, Ky.) — Less than a week into this year’s legislative session, Kentucky’s representatives delivered an enormous win for open and transparent government. Backed by the support of an overwhelming bipartisan coalition, the state House of Representatives voted 95-1 to pass the…

Pension python squeezing Kentucky’s economy

Reporter John Cheves covers the state’s retirement systems’ crisis in Tuesday’s Lexington Herald-Leader, citing inadequate funding, weak investment returns and “unrealistic assumptions” regarding public employees and their benefits as the primary contributing factors to Kentucky’s public pension plight. Two of this stool’s three legs have received a lion’s share of the attention by policymakers. It…