Actuaries for the Kentucky Retirement Systems will release the latest public employee benefits taxpayer liability numbers on November 20.
It won’t be pretty.
It also isn’t likely to get sufficient attention. Sort of like the $35.7 million taxpayer liability found in the KAPT program last month.
The KRS numbers are much larger, but the public has shown little interest in grasping the implications. Just stick it on the state’s credit card and worry about it later.
It will be interesting to see how much longer that strategy works. Guess we could ask California.