“Thorny” and “out of control” are the words that Lexington Mayor Jim Gray used to describe the city’s pension situation. Uh oh. In a recent interview with WUKY, Gray explains how the city’s annual required contribution to the pension system has increased by 400% over the past decade and describes this is as “unsustainable”. He…
Double-dipping is not only repugnant at parties. It’s unacceptable for politicians in Kentucky’s pension system, too.
Is Kentucky’s public pension mess even worse than we thought…again? A recent New York Times article by Mary Williams Walsh discusses how the Government Accounting Standards Board (GASB) has revamped the rules for reporting the health of public pension systems. It boils down to this: the new rules require more disclosure and as more information…
Bluegrass Institute president Jim Waters will make his debut appearance on Bulldog Nation with Eric Deters at 8:30 a.m. on Tuesday on Cincinnati’s Real Talk 1160. Join Eric and Jim as they discuss Kentucky’s pension crisis and who knows what else?
How much can one vote cost? One way to find out is to examine how a single vote by politicians to change their pension formulas in 2005 is costing taxpayers big-time in 2012.
Head over to the Courier-Journal’s website to watch an interview with Bluegrass Institute President Jim Waters talking about Public Charter Schools in Kentucky. JCTA President Brent McKim responded by email in this article. Leave your thoughts about what he says in our comments! (*do we even need to say how insulting this is?) It is unfortunate…
It’s no secret that Kentucky’s pension system is in trouble. But it has not always been this way. In fact, back in 2000, the commonwealth’s pension debt was a meager $960 million. Five of Kentucky’s six public pension systems were running generous surpluses. The Kentucky pension system was among the nation’s strongest. A dozen short…
Yesterday Jim Waters was a guest on Brook’s & Co. talking about the ky pension problem. Watch below the full broadcast I filmed at the studio in Bardstown, KY.
Kentucky Senate President David Williams will be on the radio with WVLK’s Sue Wylie Thursday morning discussing public pension reform. This discussion will take place on the heels of the Bluegrass Institute’s recently released public pension exposé, Future Shock: Kentucky Politicians’ Opulent Pensions Have Become a Modern Day Gold Rush. I hope that serious consideration is…
Radio talk show host Joe Elliot at 970 WGTK interviewed Bluegrass Institute scholar Lowell Reese recently about the Institute’s new policy report “Future Shock: Kentucky Politician’s Opulent Pensions have become a Modern Day Gold Rush. ” The interview is the report in micro: Reese tells all the shocking numbers, obscene abuses, and conclusions the report…