Thursday, April 2, 2009

Ignorance may be bliss, but not for this

The mainstream media is starting to pick up on the fact that taxpayers will get hosed because of the way states like Kentucky have run their public employee pension benefit plans:

Here we know Kentucky's unfunded (but legally unavoidable) public employee benefits obligation is over $30 billion. We can't pinpoint the damage any more precisely than that because Kentucky Retirement Systems (KRS) is so untransparent.

In fact it is so bad, Gov. Steve Beshear's "transparency" web site still falsely claims KRS uses no taxpayer money.

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