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Dems' quasi-pension proposals offer same failed approach

JULY 16, 2019 | by Jim Waters | BLUEGRASS INSTITUTE

“For far too long, actuaries have enabled the KRS Board of Trustees to substitute improperly inflated payroll-growth assumptions to decrease contributions needed from employees and taxpayers to fund benefits awarded at arbitrarily high – rather than actuarially sound – levels. Worse, retroactive benefit enhancements have been commonplace for the past several decades, resulting in many workers being awarded retirement payments much larger than what they actually earned.”

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