Public workers rally to bring awareness to Kentucky pension crisis
They want to see a solid, sustainable pension system, something they say is a critical tool for public services.
LOUISVILLE, Ky. (WDRB) - Dozens of public workers rallied to bring awareness to the pension crisis in Kentucky at Central Park in Louisville Sunday evening.
Teachers, police officers, and other public workers held up signs that read 'Stop corporate welfare and fund my pension.' They want to see a solid, sustainable pension system, something they say is a critical tool for public services.
"Most state and local governments in the state as an employer, it's difficult to pay folks a good salary on the front end, so for a long time the benefit package on the back end has really been there to balance that out," police officer Nicolai Jilek said.
Without a solid pension plan, public workers say it will be hard to attract good employees and to retain them.
Thousands of other public service employees who have contributed to their retirement under Kentucky’s pension systems are fearful as lawmakers consider a number of cost-saving measures aimed at shoring up the plans, which are estimated to be nearly $60 billion in the hole after years of inadequate state funding.
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