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How will Kentucky's next governor deal with the state's struggling pension systems?

OCTOBER 5, 2015 | by John Cheves | LEXINGTON HERALD-LEADER (KENTUCKY)

"Kentucky's next governor will inherit about $30 billion in public pension debt from departing Democratic Gov. Steve Beshear - more than twice what the state government spends in a year, and up 40 percent since voters re-elected Beshear in 2011. Nothing else is likely to cast a darker shadow over the incoming administration. "Whoever gets elected in November, they're going to start in such a deep hole that I'm not sure any of the candidates seriously grasp it," said Chris Tobe, a Louisville financial consultant and pension watchdog who sat on the Kentucky Retirement Systems Board of Trustees from 2008 to 2012..."
 

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