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Kentucky

wasupaloopa

(4,516 posts)

1. I worked with a lot of unfunded pension

Reply to TexasTowelie (Original post)

Sun Sep 30, 2018, 08:26 PM

Sep 2018

funds last year.

Main causes were poor decision making in the 90’s, the Great Recession of 2008, entities not making required pension contributions and people living longer.

None of these causes were manufactured by the pensioners but they get to take the blame.

I was lucky to work for Santa Barbara County. The County has always met it’s pension liabilities and our pension fund is managed by employees and county officials. The County is paying off it’s unfunded liability 13 years than it has too.

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Will this lawsuit cause Kentucky's state pension fund to collapse? [View all] TexasTowelie Sep 2018 OP

I worked with a lot of unfunded pension wasupaloopa Sep 2018 #1