Two state governments facing the most significant challenges funding their pensions, Kentucky and Illinois, both appear to be trying to resolve those challenges by effectively continuing to 'kick the can.' I know the solutions are really complicated and politically very difficult, but wondering if these approaches are really the best ones?
“We believe that enacting this provision will result in substantial sustainability risk as other employers lobby for the enactment of similar type legislation to reduce their pension cost,” GRS Retirement Consulting said in a report last week.
http://www.governing.com/week-in-finance/gov-kentucky-pension-illinois-teacher-walkout.html
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