Pew report cites $23B shortfall in KY public pensions

WKMS | By The Associated Press

Published August 31, 2012 at 8:17 AM CDT

A new report shows Kentucky has a more than $23 billion shortfall in what should have been set aside to fund pensions for retired state employees. The Pew Center for the States and the Laura and John Arnold Foundation released the report Thursday. The report says the shortfall is more than twice the amount of all revenue generated from state taxes in the Commonwealth last year. Public Pensions Task Force co-chairs, Republican Senator Damon Thayer and Democratic Representative Mike Cherry, say fixing the problem will require hard choices, good information and thoughtful analysis. The Task Force faces a December 7^th deadline for recommending ways to shore up the state's pension plans.

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Todd Hatton

Todd Hatton hails from Paducah, Kentucky, where he got into radio under the auspices of the late, great John Stewart of WKYX while a student at Paducah Community College. He also worked at WKMS in the reel-to-reel tape days of the early 1990s before running off first to San Francisco, then Orlando in search of something to do when he grew up. He received his MFA in Creative Writing at Murray State University. He vigorously resists adulthood and watches his wife, Angela Hatton, save the world one plastic bottle at a time.

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