Showing posts with label Kentucky. Show all posts
Showing posts with label Kentucky. Show all posts

Tuesday, February 12, 2013

Kentucky’s Pension ‘Reform’ Cuts Benefits, But Makes Funding Problems Worse

Kentucky’s Pension ‘Reform’ Cuts Benefits, But Makes Funding Problems Worse: Kentucky is currently considering overhauling its pension system. Sadly, the bill that recently passed the state senate — and will soon be discussed by the state assembly — cuts benefits for workers, but doesn’t shore up the system’s funding. The bill would abolish traditional pensions for new public sector workers while cutting cost of living [...]/p