Bluegrass Institute News Release – Pension Shock: How did we get here?

For Immediate Release: Tuesday, August 28, 2018 Contact: Jim Waters @ 270.320.4376 (cell) or jwaters@freedomkentucky.com (FRANKFORT, Ky.) — With the Kentucky Supreme Court agreeing to a fast-track appeal of Franklin Circuit Judge Phillip Shepherd’s ruling that Senate Bill 151 passed in the closing days of this year’s legislative session was unconstitutional, pension reform will again…

Bluegrass Institute responds to proposed pension plan

For Immediate Release:  Wednesday, October 18, 2017 Contact: Jim Waters @ 859.444.5630 (FRANKFORT, Ky.) – Bluegrass Institute president and CEO Jim Waters issued the following statement regarding the proposal released today in Frankfort to address Kentucky’s pension crisis: While the Bluegrass Institute is reviewing the much-anticipated plan released at a news conference this morning by Gov. Bevin,…

Bluegrass Beacon: Giving unaffordable pension benefits an economically fatal practice

Like Bernie Sanders refuses to acknowledge socialism’s devastating impact on previously prosperous Venezuela, supporters of Kentucky’s pension status quo – who seem largely illiterate about how defined-benefit systems work – refuse to concede that inadequate funding is not the primary cause of the commonwealth’s pension woes. If it was, then why is the County Employees’…

Pension python squeezing Kentucky’s economy

Reporter John Cheves covers the state’s retirement systems’ crisis in Tuesday’s Lexington Herald-Leader, citing inadequate funding, weak investment returns and “unrealistic assumptions” regarding public employees and their benefits as the primary contributing factors to Kentucky’s public pension plight. Two of this stool’s three legs have received a lion’s share of the attention by policymakers. It…