Publishing this on Page One but reposting here so locals begin getting a better sense of what’s wrong with KRS and Frankfort.
Joe Gerth finally wrote a story about the pension fund!
Oh, wait, it’s a story about the CONFEDERATE pension fund… from 10,000 years ago:
In a move that you might consider long overdue, a Senate committee voted unanimously Wednesday to do away with the state’s Confederate Soldiers Pension Fund.
All the Confederate soldiers have been dead for decades.
Koenig noted that even though the legislature can’t come to terms on revamping the state pension programs that have huge unfunded liabilities, his bill would give legislators something to talk about.
“I just wanted to be able to send you all home and say that you did some pension reform,” Koenig told the committee.
Sen. Damon Thayer, a Georgetown Republican who is originally from Michigan, explained his vote for the bill, joking, “I was called a Yankee last year on the Senate floor.”
Still no real coverage from A Kentucky Newspaper about the Kentucky Retirement Systems nightmare(s), House Bill 300 – the Placement Agent Enrichment Act (ha) – or grandfathering in fourth and fifth-term pension trustees.
Outside of John Cheves’ work, the mainstream is ignoring the biggest beast in the Commonwealth.