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Reply to "McConnell Whines About ‘Moscow Mitch’ Nickname: It’s ‘Over the Top’"
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[quote=Anonymous][quote=Anonymous][quote]Talk to me like I’m a child: what’s going to happen to those teachers? SOL?[/quote] Use the frozen oligarch's assets to make them whole. [/quote] As a state run defined benefit pension plan, the state will have to put in more money to fund the plan to make up the losses. Because these state plans aren’t regulated by Erisa, they often don’t do so promptly but are typically good for it at the end of the day (unless they go bankrupt like Detroit). There may also be a fiduciary breach suit against the Board but that depends on Kentucky law and at the end of the day it would all probably come out of state coffers anyway.[/quote]
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