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It’s no secret that Frankfort’s bureaucratic bean counters possess quite the penchant for manipulating socioeconomic data to make their preferred agency’s performance appear as rosy as possible.
Within the sphere of Kentucky’s six retirement funds, this fact is all the more troubling. That’s because the best arithmetic acrobatics our number crunchers could pull off still resulted in a reported unfunded public-pension liability of $34 billion, which ranks close to the worst in the nation.
Could that actually be rosier than reality?
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