My state pension is not well funded, but at least its moving in the right direction, up 2.5 points from 2020-2021. Fortunately Kentucky state government is flush with cash, and committed to fully funding the pension system, since its illegal for them to bankrupt it away as Mitch McConnell suggested.
The Ky Public Pensions Authority just released the official actuarially determined funding level for the state and local gov’t pension funds (KERS, CERS).
A draft report in November put KERS Non-Hazardous at 18.4%. This says 16.7%. We’ll just round it off at “Aaiieegh!” ^JC pic.twitter.com/NLR52xuJm9— Bluegrass Politics (@BGPolitics) January 12, 2022