Monday, November 24, 2008

Information, please

Pension Tsunami UPDATE: I guess they saw you guys coming, because the latest data is now on the KRS web site.

The Kentucky Retirement Systems (KRS), under fire recently for unusually bad investment returns, was supposed to release its latest actuarial report late last week.

Instead, the Annual Reports section of the KRS web site has been down all weekend and remains unavailable early this morning.

Taxpayers get to pay up to replace investment losses because Kentucky "guarantees" pensions to public employees with a defined benefit pension plan.

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