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Legislators win; state employees, teachers lose in pension report


The $16.8 billion Kentucky Teachers’ Retirement System showed the worst ... and it’s all hedge funds and tranches of subprime real estate and derivatives, and in the end, it all collapses on them.” During testimony to the Public Pension Oversight ...


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'next' : 'previous'; __tnt.trackEvent({'category':'tnt-prev-next','action':sAction, 'label':'article', 'value':'1'}); return true; }); } }, function(){ __tnt.log('Error: '+ sStatus); });var bPrevNextScroll = false; $(window).on('scroll mousewheel', function(){ if ( !bPrevNextScroll && $('.asset-body').length > 0 && !$('body').hasClass('trigger-disabled') && !__tnt.elementOnScreen('#asset-photo-carousel') && !__tnt.regions.stickyAnchor.hasContent ) { bPrevNextScroll = true; var sNextTrigger = 'trigger-next'; setTimeout(function(){ if( __tnt.elementOnScreen('.asset-body', 250) ){ $('body').removeClass(sNextTrigger); } else { $('body').addClass(sNextTrigger); } bPrevNextScroll = false; }, 200); } });$(window).on("load resize", function(){ var sCondTrigger = 'trigger-condensed'; if( window.innerWidth > 991 && window.innerWidth    ”Everyone who was in worship came outside for this,” the RevWilliam Zimmerman said of the event, which saw 130 people gathered around the fire to celebrate“We had the wood fire going, and it was fun.”   For once though, the RevZimmerman said, the excitement came mostly from the adults, not the children, as they applauded the announcement that the church’s current debt had finally been paid.   ”The kids were confused, because this was not what we usually do,” he said with a laugh, citing that the children did not really understand what it meant for them to finally be out of debt“There was applause when we told everyone what we were doing that day, but this time it was led by the adults.”   According to the RevZimmerman, there is a specific ceremony to be held when coming out of debt — called a thanksgiving for a retirement of debt — complete with special prayers.   ”But it doesn’t specify burning papers,” he said“We just added that in.”    The RevZimmerman said it was his idea to go through with the ritual after the church council informed everyone that they had finished paying off the debt about a month ago.   As the fire blazed, several local Boy Scouts and their leaders took charge, the RevZimmerman said, making sure there was water nearby and that parishioners were standing far enough away from the blaze that was set up in a transportable fire pit normally used for cooking.   ”And we kept it going until we were done making the s’mores,” he said.   Although the RevZimmerman said the church will have more debt soon as it begins working on additional expansion projects, the fire and food was an interesting way to celebrate this first milestone.   ”Everyone knew we had to do something,” he said“It was special.” Love 0 Funny 0 Wow 0 Sad 0 Angry 0 // Hide reactions with no votes $(".reaction-count").each(function() { var value = $(this).text(); 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