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Overcorrecting pension systems creates bigger problems

MAY 8, 2019 | by Jim Waters | THE STATE JOURNAL (KENTUCKY)

By Jim Waters, includes “… By suddenly lowering the actuarial assumptions for the state employees’ pension fund from 6.75 percent to 5.25 percent, the board with one move greatly increased the contribution agencies are required to pay. … Deep-pocket donors to universities want to write checks for buildings they can put their names on, not public-pension bailouts. Students, however, will have little say about likely resulting tuition increases — at least not until enough of them simply can’t afford to enroll.”

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