Lexington mayor talks “unsustainable” pensions

“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…

History repeats: pension funding potentially even worse

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…

Senate president to discuss pensions on WVLK

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…

‘Gold Rush’ author Lowell Reese interviewed

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…