The State Of Kansas Pension Is Desperately Underfunded

Not that the State of Kansas public retirement pension system is in much worse condition than just about every other State’s public pension fund.  I know for a hard fact that Colorado’s is significantly underfunded.  I think the tax revenues from weed sales is helping defer the day of reckoning in terms of having to raise taxes or debt.   But not for Kansas.   Kansas is looking at issuing a “Pension Obligation Bond.”  This is a muni bond that would be the general obligation of the taxpayers of Kansas BUT the cash raised would be given to the pension fund managers to play with and try to earn impossible rates of return.   I go into detail about how this deal would work in this podcast with my colleague Rory Hall of The Daily Coin:

This is nothing more than just another scheme to kick the can down the road on the fiscal nuclear bomb that big State pension retirement systems have become to the taxpayers…

4 thoughts on “The State Of Kansas Pension Is Desperately Underfunded

  1. Dave,

    I know it sounds mean, but you may want to find a host who is more knowledgeable. It took you fifteen minutes to explain something to this guy (again and again) that could have been expressed in about a minute if this guy were at least as knowing as your average listener. I have listened to your interviews w/ this guy in the past and quit half-way through b/c you kept having to explain simple concepts. Example: a public employee pension is NOT an IRA or 401K.

    1. LOL. Actually, I think Rory does that for the benefit of listeners who might not have full knowledge of a topic. He does a good job of making it a conversational format rather than an interview. We’re kind “free-balling” it right now and the format/structure will be refined. He knows I’m keen on trying to keep the duration under 15 minutes if possible. There’s been times when he’d been able to “flush out” information from me that is lodged in remote parts of my brain.

  2. Any information is good information to help figure out what is going on. I don’t mind the fifteen minute videos, I’m glad you are creating these videos for us to watch at our leisure at any time of the day or night, and for free. I can only imagine the work involved with the creation, editing, graphics added, etc. to male these videos. While the computer may make it easy to put it all togehter, it still takes more than the average level of skill to turn out a video with a professional look and feel to it. Once again, thanks Dave.

  3. Oops, I meant to say fifteen to thirty minute long video. For those who lack the patience to watch the whole thing, you can always skip ahead or go back to get key information, though watching the whole thing presents the full picture.

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