Gary Harbin

Government
4:41 pm
Tue June 23, 2015

Kentucky Lawmakers Still Considering $3.3 Billion Bond For Teacher Pensions

Credit lrc.state.ky.us

  Kentucky teacher pension officials are still asking for a $3.3 billion bailout of the system, saying it would increase the plan’s funded ratio from 53 percent to 66 percent and reduce the amount the state has to contribute.

Read more
Government
4:13 pm
Thu January 23, 2014

Whistleblower on Ky Pensions "I Think We're Going to Be 'The Walking Dead' for a Long Time"

Credit Photo by Gene Page/AMC

AMC’s hit zombie-apocalypse-drama ‘The Walking Dead’ is a story about a shambling mass of the undead that brings civilization to its knees. Chris Tobe, ​a former trustee of the Kentucky Retirement Systems turned whistleblower, says the show is an apt metaphor for what will happen if  lawmakers don't get serious about funding pensions. 

“I think we’re going to be The Walking Dead for a long time" said Tobe. "We’re all gonna keep saying, ‘oh, we’re just fine,’ and we’re gonna be ‘The Walking Dead’ for a long, long time.

Read more