Lawmakers Say They Have Agreement On Pension Legislation

FRANKFORT, Ky. (AP) - Top lawmakers in the Kentucky General
Assembly say they have an agreement on state pension legislation, and they plan to ask Gov. Steve Beshear to call a special session.
Lawmakers say they'll ask Beshear to call a legislative session
beginning on June 23 to consider the proposal, which would begin shoring up the state's financially troubled pension system for public employees. Lawmakers say they hope to pass the proposal in five days, and the changes would take effect on July 1.
Among the changes - state employees would have to wait until the
sum of their age and years of employment totaled 87 to retire with full benefits.
Beshear, who is in Japan, has said he would call a special session if lawmakers agree beforehand on a plan to strengthen the pension system.

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

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