Unfunded liabilities have been increasing, which drives up required contributions to the Commonwealth's pension plans.
Kentucky's pension spending has been increasing nearly five times as fast as revenues – growing 56% in FY2017 alone. This effectively reduces money available for other important budgetary priorities. (For example, K-12 education, Medicaid, etc. and public services.)
The affordability and financial sustainability of Kentucky's pension plans bear strongly on the capacity of the Commonwealth and its local governments to address other critical needs and deliver the public services citizens expect.