January 20, 201511 yr Agreed, but that has nothing to do with this thread IMO. Would maybe be a good thread on it's own. Teachers, State and First Responders pensions are not in good shape in Kentucky. That's probably why Law Enforcement Retirement was moved back 5 years a few years ago. Sure it does one of flaws of the pension system is allowing people to take retirement income when not fully retired . I understand the need for it but I think it's fair to point out the cost.
January 20, 201511 yr I admit I have trouble understanding, but when the retired employee chooses to come back to work for the state, how does that costs the state more money? If that person just retired they would still be drawing the same pension. So, if they hire a new person to fill the retirees position, the state now has to set up and fund their retirement, which would cost more. It would seem that they could take the money that would be paid, into the the pension of the person who is "double dipping," to help with the state pension shortfall.
January 20, 201511 yr I admit I have trouble understanding, but when the retired employee chooses to come back to work for the state, how does that costs the state more money? If that person just retired they would still be drawing the same pension. So, if they hire a new person to fill the retirees position, the state now has to set up and fund their retirement, which would cost more. It would seem that they could take the money that would be paid, into the the pension of the person who is "double dipping," to help with the state pension shortfall. Do you think the state is doing that ?
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