A group of Kentucky lawmakers has a new summer assignment…shoring up the state’s failing pension systems.
At least two of Kentucky’s six pension plans are at a high risk for failure. And their troubles have been highlighted by Bloomberg, the New York Times and the Pew Center.
In response, the state has formed a public pension task force. Co-chairman Mike Cherry says he's dedicated to find a solution, and it may not be pretty.
“From my standpoint, everything’s on the table for this summer interim session,” he says.
