Kentucky Governor Threatens Public Employees' Pensions

[RandySF]

Link to tweet

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[elleng]

1. they can always cry to their senator mcconnell, right?

'Poor' kentucky.

[Hermit-The-Prog]

4. we need help for 2019

The disease infecting Kentucky can and has spread. Work requirements for Medicaid? Bevin met with Trump to get that started.

[wasupaloopa]

2. I am glad I live in CA. I have a government pension and it is well funded.

There was a law passed in 2013 that local governments have 20 sum years to pay their unfunded liabilities. My county is taking only 13 years.

We don’t talk about taking away government pensions or unions here unless you are a repub. They don’t have much say here.

[Hermit-The-Prog]

3. he's been chipping away at them since taking office

Bevin is a slimey GOPer. See, e.g., the secret sewage bill from earlier this year:

https://www.cnn.com/2018/03/30/us/kentucky-teachers-pension-bill/index.html

[gratuitous]

5. Isn't that nice?

Folks go to work for the government, usually at less than they could make in the private sector. But in exchange for that sacrifice, they get civil service protection and a promise of a pension when they retire. Public employees aren't generally in line for bonuses or extraordinary pay raises.

Then after completing their careers and looking forward to the leisure of retirement, in comes the governor or the legislature, and they want to terminate their obligation to their retirees because now it's too expensive to deliver on their promise.