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Damon Believes He’s A Pension Superstar

November 19th, 2013 · 4 Comments

You know he does. And now that Institutional Investor, a trade magazine that’s funded by Wall Street, has written about him? His ego is even bigger:

Conservative Republican Damon Thayer drove Kentucky’s Senate Bill 2, which recently overhauled one of the worst-funded U.S. retirement systems. The state’s $30 billion to $35 billion in unfunded pension liabilities was “a huge fiscal drain and a looming fiscal crisis,” according to Thayer, 46.

-SNIP-

The largely conservative state legislature formed the bipartisan Task Force on Kentucky Public Pensions, which Michigan State University communications grad Thayer cochaired. With input from the Pew Charitable Trusts and the Laura and John Arnold Foundation, the task force proposed moving to a cash balance plan for new employees in which taxpayers and workers would contribute and benefits would accrue throughout a career.

-SNIP-

Michigan native Thayer kicked off his political career soon after moving to Kentucky in 1992; before becoming a senator in 2003, he was a senior communications and event management executive in the Thoroughbred racing industry.

Hooo boy, so many gems that we don’t know where to begin.

Tags: Spotted · Wasted Money

4 responses so far ↓

  • 1 Monica // Nov 19, 2013 at 1:22 pm

    POK: “Hooo boy, so many gems that we don’t know where to begin.”

    Please begin anyway. Please.

  • 2 Cliff // Nov 19, 2013 at 4:52 pm

    Have these Wall Street types stopped doing their fact checking? This past legislative session was a complete and utter failure which did nothing to curb the huge fiscal drain and looming fiscal crisis as Mr. Thayer put it!! Any one with half a brain cell can see it! The same legislators are now letting us know that the ARC funding for the KERS will be the first on the chopping block. Now that is what I call a fix!!!

  • 3 jake // Nov 19, 2013 at 4:55 pm

    What’s to fact check?

    The people who wrote the piece are the people who wrote the legislation. And they’re the people Damon wants to fund his political future.

    He’s digging his heels in to enrich HIS life, not to resolve the pension mess.

  • 4 Jerry // Nov 19, 2013 at 7:13 pm

    Damon is engrossed in Damon and is nothing more than a little Mitch wannabe.