In 2014, the Green Bay Packers started off the season losing two out of their first three games. The fans were starting to panic.
Quarterback Aaron Rodgers famously had a simple answer for the panicking fans, “R-E-L-A-X. We’re going to be OK.”
The packers went on to win 11 out of their next 13 games.
Monday afternoon, PFM Group, a consulting firm, presented its report to the Kentucky Public Pension Oversight Board noting that Kentucky’s public pension system is underfunded by $37 billion to $85 billion.
PFM Group made a number of recommendations, such as eliminating cost of living increases given to state retirees between 1996 – 2012, which could roll back the benefits for retirees by as much as 25 percent or more.