You have to love a politician who has absolutely no qualms about saying or doing anything to get elected. I really consider it job security for bloggers.
The Kentucky Senate has passed the latest attempt to balance the budget on the backs of the state workers.
This is not a surprise, multiple Governors and Sessions of the General Assembly have done this previously.
The political sleaze factor is contained in the substitute version of SB 2 offered by David Williams
“Williams offered a substitute version of SB 2 with a sweetener to win the support of local governments. The measure would allow them to contribute just 85 percent of what actuaries say is necessary for their pension fund's solvency, rather than the full amount
"An 85 percent funding level is still exceedingly healthy," Williams told the Senate committee.”
You have to marvel at a politician that is willing to undercut a bill they sponsor before it even passes.
The reason there is a pension problem to start with is because of this kind of action. This is exactly what caused the problem in the first place. We have the problem because Kentucky politicians like Williams have only contributed 38 percent of what was needed to keep the fund solvent.
David Williams is not trying to solve the problem, he is just trying wiggle out of the state’s obligations to its employees........Again.
The Kentucky Senate has passed the latest attempt to balance the budget on the backs of the state workers.
This is not a surprise, multiple Governors and Sessions of the General Assembly have done this previously.
The political sleaze factor is contained in the substitute version of SB 2 offered by David Williams
“Williams offered a substitute version of SB 2 with a sweetener to win the support of local governments. The measure would allow them to contribute just 85 percent of what actuaries say is necessary for their pension fund's solvency, rather than the full amount
"An 85 percent funding level is still exceedingly healthy," Williams told the Senate committee.”
You have to marvel at a politician that is willing to undercut a bill they sponsor before it even passes.
The reason there is a pension problem to start with is because of this kind of action. This is exactly what caused the problem in the first place. We have the problem because Kentucky politicians like Williams have only contributed 38 percent of what was needed to keep the fund solvent.
David Williams is not trying to solve the problem, he is just trying wiggle out of the state’s obligations to its employees........Again.
