Brace yourself. It's a furlough week.
Posted by: Jessica Hays on August 29, 2010 at 08:00pm
Expect long lines at the DMV on Tuesday. This week marks the first week that many state workers are on "furlough"--fancy language for being out of work for a day so that the state can cut their pay.
Meanwhile, national experts called out Kentucky for the severity of our underfunding of the retirement accounts for 84,000 state workers. The Kentucky Employees Retirement System has a $6 billion shortfall, largely because we haven't been making the recommended deposits into that account for the last several years.
Both the furloughs and the shaming from national experts about the state of our pension systems are two of the impacts of our leaders' neglect of our outdated tax structure. Kentucky deserves better.
Read more about the pensions here, from the Herald-Leader, and here from the Courier-Journal. And you can read more about the pay cuts to state workers in either of those.
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