State Capitol
By Rae Hodge Kentucky Public Radio
The Kentucky Senate has passed a bill that would reform the majority of the state's pension system. Senate Bill 2 contained the recommendations of a legislative task force on the underfunded pension system. It suspends cost of living adjustments and creates a hybrid, 401k-style pension plan for new hires. Bill sponsor Damon Thayer says the bi-partisan support for the bill shows the need for continued cooperation on pensions.
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