Kentucky pension system unfortunately makes another top-10 list

TheStreet.com recently published its list of the ten states whose pension systems are the worst-off. No surprise, Kentucky is identified as one of those states. The article even sites the Bluegrass Institute as one of the organizations calling for reform: According to the Pew Center on the States, a nonprofit division of The Pew Charitable Trusts,…

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…

Courier-Journal columnist refers to Institute’s pension report

Citing the Bluegrass Institute’s recent “Future Shock” report and its author Lowell Reese, Courier-Journal columnist John David  Dyche points to reforming the state’s pension system as the top agenda for the fall political campaigns. Pension reform was followed by other policy positions in alignment with the Bluegrass Institute’s mission, including charter schools, right-to-work, getting rid…

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…