Taxpayers on the hook for part-time pensions?

In the Lexington Herald-Leader’s watchdog series, Bill Estep printed a story Sunday about Kentucky taxpayers funding hundreds of part time pensions for city council members all over the state. Funding part-time pensions with taxpayer dollars is something that will only receive more attention in the months and years to come. Governments at all levels across the…

Teacher retirement system under-performed other retiree plan in Kentucky

An important Herald-Leader article on the problems with our under-funded public employee retirement programs indicates that investment returns for the Kentucky Teacher Retirement System (KTRS) under-performed investments made by the Kentucky Retirement Systems, which cover other state and local workers. Per the article, the Teacher Retirement System produced only a 4.8 percent return on investments…

‘Occupy Public Pension Feeding Troughs’

By Jim Waters “Fairness” apparently becomes hip only when it benefits the “Occupy Wall Street” crowd, which promotes a philosophy of wealth distribution while shunning gainful employment, respect for property and proper hygiene. What if the OWS (Offering Worthless Shenanigans) gang knew about the corporate scam run by teachers’ unions in Kentucky? Included among the…