LMPD :: Louisville Metro Police Department
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New LMPD traffic stop policy seeks to improve 'perception of bias'

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RE: New LMPD traffic stop policy seeks to improve 'perception...

June 13th, 2019 @ 10:21PM (5 years ago)

First off CERS has some of the same problems as KERS but cities not putting in the amounts mandated by the pension system wasn't one of them. The Governors and legislature started shorting KERS many years before Fletcher became Governor. That's how they balanced the state budget for decades.

The other problem, which CERS shares, is that pension fund appointees hired bad investment companies who put the state into a collection of high risk, high fee investments instead of just putting it in an index like the S&P 500. Those investments never paid anywhere near what they were predicted to.

The third problem is the 20-and-out systems were never intended to accomodate people living well into their 80s like today. Working 20 years and collecting another 40 years of pension payments was never going to work in the long term.

Any way you do the math, putting another Beshear in office will get you the same result as all the other Democrat governors got you. At least Bevin is being honest about the long-term viability of the pension system as it currently exists.