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For 14 years, I have served as a Firefighter in Nicholasville.
Throughout my career, with each paycheck, I faithfully contribute to my pension. My pension is a benefit promised to me by my employer, the commonwealth of Kentucky.
While I live up to my obligation, the state legislature failed to meet its legal obligation.
Year after year, the legislature failed to put in its required amount. Money that was supposed to go toward pension benefits was diverted to other uses.
Kentucky Retirement Systems is in financial peril, especially the largest fund, the Kentucky Employees Retirement System non-hazardous fund. Its assets are dangerously low in comparison to its long-term obligations.
As a result, our pension fund has been called one of the worst financed in the nation.
I am deeply concerned about my benefits and those of thousands of other public servants.
Legislative neglect created this crisis. The General Assembly must act now to avert a financial disaster.
The General Assembly should begin providing the full contribution to the pension fund starting in Fiscal Year 2014-15, as recommended by the Kentucky Public Pensions Task Force.
We ask for all of Lincoln County to stand up for fairness. Support your government employees and retirees and add your voice to the call for action by the General Assembly.
Contact your State Representative David Meade: P.O. Box 121, Stanford, Ky 40484.
Contact Your State Senator: Jared Carpenter, 138 Legacy Dr, Berea, Ky 40403.
Shannon Causey
Waynesburg