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Top Lawmakers Discussing Pension Plan

FRANKFORT, Ky. (AP) - Top lawmakers are meeting in private at the Kentucky Capitol to work on a possible plan to shore up the state's financially troubled pension system for public employees.
The working group began meeting late Monday morning and includes
Senate President David Williams and House Speaker Jody Richards.
The state's retirement system covers more than 445,000 people,
including state and county employees and public school teachers.
The system faces a potential unfunded liability of more than $26
billion.
Gov. Steve Beshear says he'd consider calling a special legislative session if lawmakers can agree beforehand on a way to strengthen the pension system.
A plan to overhaul the system stalled at the end of the regular
legislative session earlier this year.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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