Political Blog

Find posts by keyword
Find posts by date

Print
Email
|

Pension system reform

by WHAS11

WHAS11.com

Posted on January 30, 2013 at 10:20 PM

(WHAS11) -- Lawmakers could have enough votes to overhaul Kentucky's pension system for state and local government workers.

On Wednesday, Senate Majority Leader Damon Thayer said he thinks the bill should have enough votes to pass the Senate next month.

Some of the changes include trimming retirement benefits and new state employees would enroll in a "hybrid cash-balance plan" that guaranteed them at least a 4 percent return on money they set aside over their careers and the state must fully fund its contribution beginning in 2014.
 

Print
Email
|