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Author Topic: Kentucky #1 on list of worst managed pension funds in the country  (Read 333 times)

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Offline OfTheCross

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Kentucky #1 on list of worst managed pension funds in the country
« on: November 06, 2019, 03:13:02 pm »
To rank the severity of each state’s pension crisis, 24/7 Wall St. reviewed the average pension funding ratio — the market value of a pension fund as a percentage of the total benefits owed to current or retired public employees — for all 50 states as of 2017 with data from The Pew Charitable Trusts.

Here is how the Tri-State ranks:

1. Kentucky
Funded ratio: 33.9%
Total pension shortfall: $42.9 billion (7th largest)
Gov’t workers as share of total workforce: 16.2% (25th lowest)
Avg. annual payout per public retiree: $27,143 (13th highest)
Governor: Matt Bevin

3. Illinois
Funded ratio: 38.4%
Total pension shortfall: $136.9 billion (3rd largest)
Gov’t workers as share of total workforce: 13.5% (7th lowest)
Avg. annual payout per public retiree: $36,490 (2nd highest)
Governor: J. B. Pritzker

18. Indiana
Funded ratio: 65.0%
Total pension shortfall: $17.3 billion (20th largest)
Gov’t workers as share of total workforce: 13.7% (8th lowest)
Avg. annual payout per public retiree: $16,974 (2nd lowest)
Governor: Eric Holcomb

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Offline txradioguy

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Re: Kentucky #1 on list of worst managed pension funds in the country
« Reply #1 on: November 06, 2019, 07:44:42 pm »
The Democrats and the public sector unions (especially the teachers union) in the Commonwealth are to thank for that...including the guy that wants to be Governor...Andy Beshear.
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Online Hoodat

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Re: Kentucky #1 on list of worst managed pension funds in the country
« Reply #2 on: November 06, 2019, 07:51:47 pm »
You think this is bad?  Take a look at Social Security.

Funded ratio: 0.0%
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