End perks? Why not end legislative pensions altogether?

In a recent cn|2 Pure Politics interview, Sen. Dennis Parrett of Elizabethtown revealed that he wants to end the special pension perks granted to Kentucky state legislators. He speaks specifically about the added benefits from 2005’s HB 299. These perks should absolutely be repealed. Frankly though, the senator doesn’t go nearly as far as he should.…

The pension crisis WILL crowd out other services

Tuesday evening, Jim Waters of the Bluegrass Institute appeared on cn|2’s Pure Politics to discuss the commonwealth’s pension system crisis. Watch the discussion below. One of the take-away points is that if steps are not taken to deal with this pension mess, other services provided by the government will be crowded out of funding. We…

Jim Waters discusses pension reform tonight on cn|2 Pure Politics

Bluegrass Institute president Jim Waters will appear on cn|2’s Pure Politics with Ryan Alessi to discuss the shape of Kentucky’s public pension system. This comes on the heels of the recently released Future Shock: Kentucky Politicians’ Opulent Pensions Have Become a Modern Day Gold Rush which outlines how Kentucky’s elected representatives have legislated themselves into…

Prefiled bills seek to end legislator pensions

In a recent press release, state representative David Floyd, R-Bardstown made it known that he has prefiled legislation for the 2013 General Assembly session that would end the practice of bestowing lucrative public pension benefits to Kentucky’s part-time legislators. That is certainly one way to attack the state’s egregious unfunded public pension liability. The proposed…

KEA underling reveals boss hangs out at the public-pension trough

Mary Ruble, assistant deputy executive director at the Kentucky Education Association, took  issue during Tuesday’s public pensions task force meeting with a recent Bluegrass Institute claim that the state teachers union is one of several private organizations with its hand in the commonwealth’s public pension cookie jar. Ruble says “it’s simply not true” that KEA employees participate in…

Courier-Journal takes a look at HB 299

The severity of Kentucky’s pending pension disaster is finally getting attention in Kentucky’s largest newspaper. This week, Courier-Journal columnist John David Dyche delved into the effects of The Kentucky General Assembly’s 2005 House Bill 299. From Dyche’s article: HB 299 reduced the number of years legislators had to serve before drawing a penalty-free pension prior…