Date: 08-27-2017
Kentucky’s pension crisis: You’re on the hook, and this is what you need to know
By Tom Loftus
The Courier-Journal
For hundreds of thousands of Kentucky public employees and retirees, and for the elected officials responsible for dealing with the state’s pension crisis, the moment is nearly at hand.
Gov. Matt Bevin has promised to call a special legislative session this fall to tame the state’s pension debt — which he estimates at a whopping $15,000 for each of Kentucky’s more than 4 million residents.
Anticipation is building because the governor is still developing — and has not revealed — his proposals.
The stakeholders include more than public retirees or current teachers and government workers who may be nervous about their benefits.
You are a stakeholder. That’s because any solution will have a profound effect on funding for the services you receive.
To help all of us understand the crisis, we’ve interviewed more than 20 people who are part of the debate. (State Budget Director John Chilton, the top Bevin administration official dealing with pensions, did not respond to several requests for an interview.)
The questions are complex and the answers aren’t always simple, but here’s what we can tell you:
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