Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount
Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount - Hallo World !!! News Today in World, In this article you read by title Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount, We've prepared this article well so you can read and retrieve information on it. Hopefully the contents of the post
Article Salisbury News, What we write can you understand. Okay, happy reading.
Title : Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount
link : Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount
You are now reading the article Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount With link address https://newstoday-ok.blogspot.com/2017/09/kentucky-public-employee-retirements.html
Title : Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount
link : Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount
news-today.world | Slowly but surely it is becoming increasingly clear to public workers in states with massively underfunded pensions that they've been lied to for the past several decades as their states can't possibly afford to pay for the retirement they've all been promised. As a local radio station in Bowling Green points out today, fears over potential pension changes in Kentucky have resulted in a surge of early retirements as workers move to lock in payouts before any potential cuts go into effect.
More state workers retired last month than the year before amid concerns that the legislature and Gov. Matt Bevin will make changes to state retirement plans.
David Smith, executive director for the Kentucky Association of State Employees, said state workers have been retiring after consultants hired by the state recommended drastic changes to the pension systems.
More state workers retired last month than the year before amid concerns that the legislature and Gov. Matt Bevin will make changes to state retirement plans.
David Smith, executive director for the Kentucky Association of State Employees, said state workers have been retiring after consultants hired by the state recommended drastic changes to the pension systems.
“There are folks that are saying you know what, I don’t care, I’m going to lock in my retirement now and get out while I can and fight it as a retiree if they go and change the retiree benefits,” he said.
The Lexington Herald-Leader reports that there was a 20 percent jump in state worker retirements last month.
“Who are they going to replace them with if they truly offer up what they’re proposing or what was proposed? Who is going to want to work for state government? I wouldn’t,” Smith said.
As we pointed out last week, Kentucky's public pensions face a daunting funding hole of $33-$84 billion, depending on your discount rate assumptions, according to a recent analysis conducted by
More
The Lexington Herald-Leader reports that there was a 20 percent jump in state worker retirements last month.
“Who are they going to replace them with if they truly offer up what they’re proposing or what was proposed? Who is going to want to work for state government? I wouldn’t,” Smith said.
As we pointed out last week, Kentucky's public pensions face a daunting funding hole of $33-$84 billion, depending on your discount rate assumptions, according to a recent analysis conducted by
More
That's an article Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount
Fine for article Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount This time, hopefully can benefit for you all. Well, see you in other article postings.
You are now reading the article Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse Mount With link address https://newstoday-ok.blogspot.com/2017/09/kentucky-public-employee-retirements.html
