That's got nothing to do with CERS's problems at all. The state doesn't make an employer contribution for CERS pensions. The counties and cities contributed the full amounts required by KRS, however the full amounts required of both employees and employers were far too low to keep up with what's required for pension payments. They underestimated how much it would cost, and they overestimated how much they'd make from their investments. Those insisting they paid their fair share of the pension and
That's got nothing to do with CERS's problems at all. The state doesn't make an employer contribution for CERS pensions. The counties and cities contributed the full amounts required by KRS, however the full amounts required of both employees and employers were far too low to keep up with what's required for pension payments. They underestimated how much it would cost, and they overestimated how much they'd make from their investments. Those insisting they paid their fair share of the pension and