So who DO you give credit to??? Using a surplus thread for name calling is the same old stuff. Lot of posts by Dems in this thread, but no facts or anything concrete yet...I'm all ears though, keep trying...:thumb:

 

I give credit to the business community. I do not give it to an administration and legislature that has failed to produce a budget half the time in the past 4 years. You want to know about retirement system shortfalls, go do a google search. You find all you want.

The administration deserves kudos for the suplus! Obviously there are a number of factors in creating it but the people in power reap the gains. That's just the way it is.

So, if I understand the logic here with next year's budget calling for at least 150 to 175 million additional payment to retirement obligations and it is failed to be met but shows up as an additional 150 to 175 million surplus addition, that is something to give applause to?

 

That is equal to not making a mortgage payment for a year and claiming you made that much more money because you did not spend it on what you owed. Sorry, do not buy it.

 

Again, to state the real problem without a close or fully funded retirement, those funds do NOT earn returns that help underwrite the future costs so instead, the future costs will cost more to the taxpayers. Additionally, this is money that was deducted from employee's paychecks (in part).

 

Applaud all you want, but today's actions of cash management will cost you and your children millions more down the road.

You want to know about retirement system shortfalls, go do a google search. You find all you want.

 

No thanks. If you make an argument on a topic on here and fail to back it up, I will simply ignore it. If you want your argument/opinion to be taken seriously, at least put out the minimum effort to back it up.

No thanks. If you make an argument on a topic on here and fail to back it up, I will simply ignore it. If you want your argument/opinion to be taken seriously, at least put out the minimum effort to back it up.

 

Ignoring a problem would probably qualify you for a job with the Fletcher Administration! Best of luck!:sleep:

Ignoring a problem would probably qualify you for a job with the Fletcher Administration! Best of luck!:sleep:

 

Coming onto a thread about the surplus with name-calling and not bothering to back up your argument with any facts would probably qualify you as a whiner.

Coming onto a thread about the surplus with name-calling and not bothering to back up your argument with any facts would probably qualify you as a whiner.

 

Or someone with an opinion.

Ignoring a problem would probably qualify you for a job with the Fletcher Administration! Best of luck!:sleep:

 

About KTRS

 

Established by law in 1938, KTRS legally known as "Teachers' Retirement System of the State of Kentucky" became operational on July 1, 1940. KTRS is classified as an "actuarial reserve, joint-contributory" system, meaning that contributions of the members and employers and the earnings from KTRS investments are placed in reserve to pay for the System's annuity obligation.

 

http://ktrs.ky.gov/aboutus.htm

 

Whose fault is it if the reserve is underfunded? Fletcher's? Republicans'? Democrats'? Mine?

 

Is your gripe that taxpayers like me should pay more taxes because not enough is being paid into the fund by teachers and/or administrators aren't making enough on investments to pay benefits? Plenty of private and public companies out there have pension plans that are hopelessly underfunded. Should the government (I mean my tax dollars) bail them out too? The government isn't going to step in and make up the difference if my pension is underfunded.

 

Since you don't really state what your argument is I'll assume it is just another case of someone getting something for nothing, then complaining about it...:confused:

This thread has unfortunately devolved, so per our recent proviso I am closing it.