Task Force on Pension Reform

Economy
7:58 am
Wed September 26, 2012

Beshear Unsure on Bonding to Shore Up Pension System

Gov. Steve Beshear says he hasn't reached a conclusion on whether Kentucky should borrow enough money through the sale of government bonds to shore up the pension systems for state and local employees. The state employee retirement plan faces a $19 billion shortfall. Add to that the financial woes in plans covering local government employees, state police, teachers, lawmakers, judges and other court workers, and the shortfall reaches $30 billion.

Read more