According to one report, Kentucky has achieved another first among the states: we now have the distinction of being the worst state in the nation when it comes to funding its pension system for state retirees.
We’ve bested Illinois for this spot! At a board meeting this week, the Kentucky Retirement System announced that its funding ratio is below 25 percent, beating out Illinois as the lowest funding ratio in the nation.
A legislative task force has been meeting all year on what lawmakers need to do to reform the pension system.
Jim Waters, the president of the Bluegrass Institute for Public Policy Solutions, has a lot to say about the system; his group has been closely monitoring the work of the task force for months.
This Sunday on One to One, Waters tells us what needs to be done.
• Sunday, Dec. 9 at 1 pm ET on KET and Tuesday, Dec. 11 at 7:30 pm ET on KET 2 Here’s a preview: