Taking liberty to the airwaves: BIPPS pension report gets statewide attention

Join Jim Waters, vice president for communications, as he discusses the Bluegrass Institute’s latest report on Kentucky’s public pension crisis today (Tuesday, Jan. 10) on radio shows across the commonwealth. Read the report here. Waters will be on the Sue Wylie Show on News Talk 590 WVLK-AM in Lexington at 10 a.m. eastern (listen live here), followed by…

Future Shock: Legislators stoking the coals on Kentucky’s runaway pension train

For Immediate Release: Contact: Jim Waters Thur., Jan. 5, 2012 270-782-2140 Future Shock: Legislators stoking the coals on Kentucky’s runaway pension train (right-click & save target as…) A failure to meet pension-payment requirements 11 of the last 15 years leads to a 3,000 percent increase in the Bluegrass State’s unfunded liability since 2000 (FRANKFORT, Ky.) –…

‘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.…

P.J. O’Rourke on Occupy Wall Street and fairness

P.J. O’Rourke on Marketplace, discussing the Occupy Wall Streeters and the concept of “fairness”: The good things in life are remarkably expandable, but it’s ordinary people who expand them. Look at China, look at India. Yes, it’s upsetting that some people have so much while other people have so little. It isn’t fair. But I…