Thousands of public employees and teachers in Kentucky are waiting with nervous anticipation to find out what changes Kentucky lawmakers will make to their retirement plans. The pension systems face massive shortfalls and have been rated among the worst in the country. Employers also have skin in the game as skyrocketing pension costs threaten their budgets and daily operations. In a letter last month to all employers in the Kentucky Employee Retirement System, or KERS, State Budget Director John Chilton warned that pension costs could rise to as much as 84 percent of payroll in the next budget. "As a non-profit, we’ve got no place to get that," said Finance Director Debbie Chandler at Barren River Area Safe Space.
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