[mr.fundamental]

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S&P Global Ratings---[/SIZE]

"The study shows that in 2014, only 15 states followed policies that funded at least 100 percent of their pension needs. [B]Kentucky trailed the pack [/B]of the other 35 states because the state paid only 35 percent of the more than $2.6 billion Pew estimates it should have to outpace interest.

Kentucky has the worst-funded pension system in the nation, compounded by the fact that of all the states, the commonwealth is doing the worst at paying off its pension debt."
http://wfpl.org/studies-show-kentuckys-s...in-nation/


Now, I don't believe for one second that you will bother to read the relatively short article for which I have provided the link above. And which details the grim truth about the Kentucky pension fund and the fact that ALL the shenanigans went down prior to Governor Matt Bevin's tenure. The irony is that Kentucky paid 123 million to investment managers over the past several years to watch over the pension fund. But that fact is eclipsed by the following incredible statistic, (you did ask for 'proper statistics,' did you not?) Kentucky, underfunded the pension fund 15 of the past 22 years. The fund has not been funded at 100% for over a quarter Century.

BTW, I guess I must have missed the part where YOU, or tvtime or anybody else bothered to back up what they were saying with any kind of link. But, how am I doing so far?

Just want to point out a few things. 1. I pointed to the surplus of TRS in '98 and since then the lack their of. 2. This study combines all retirement systems in 2014. 3. TRS current levels of funding are at 54 to 56%, as I have pointed out time and again.

To Hoot's point, teachers are tax payers as well. Teachers pay into their program 16% directly. Not counting the taxes teachers also pay as well. I will gladly pay into my own 401k as long as I get social security and get paid for my Masters and Rank one equivalent. I think the tax payers get a great deal.

To who started it please look at previous posts. I took you through '98-'18.

To someone else's point it will hurt education; think about this as of right now there is only one person who will be certified to teach physics that is going through the teacher ed program in all public universities at this given moment.