The Aug. 11 article “Kentucky’s ailing pension system lost money on its investments in fiscal 2016” was very interesting.
In my many years of living in Kentucky, overprojecting and underperforming is not news. From my experience, one only has to invest in Vanguard’s mutual funds with their low fees to determine they can do better than the Wall Street money managers to whom Kentucky pays millions and whose results show little in return.
Yes, the past legislatures were all talk and underfunders, but that’s only part of the problem.
How insane is it to use financial projections of 7.5 percent or even 5.2 percent as stated in the article? Then, on top of that, adding dozens of non-governmental agencies. If you can’t meet your primary obligations, why add more risk?
Never miss a local story.
What can we do as taxpayers and voters of the 56th Kentucky House District, which includes all of Woodford County and part of Franklin and Fayette counties? Voters have to change the decision makers. Elect Dan Fister, a farmer, property manager and retired general contractor, who is motivated to make a difference.