How's that pension reform going, Governor?

At the last State Government Committee meeting in Frankfort, Sen. Julian Carroll asked Budget Director Mary Lassiter how much of the General Fund budget is going to public employee retirement costs. The answer is a shocker.

In a letter to Sen. Carroll dated September 2, Lassiter said:

"For Fiscal Year 2009, the enacted Budget of the Commonwealth for the Executive Branch provides approximately $628 million from the General Fund, or 7.1% of General Fund appropriations for retirement costs."

And we are spending all that money on a woefully underfunded system, with bad cash management practices that is only going to get more underfunded despite our efforts to pour billions more dollars into it over the next two decades.

Is anyone else ready to seriously cut back on public employee benefits to fall more in line with those of the private sector workers picking up the tab? So far, "reform" has been a total bust.