FRANKFORT, Ky. (AP) - Gov. Steve Beshear has called for changes to the state pension system that he says would ease the financial burden for local governments across Kentucky.
Beshear outlined the proposal at a press conference Tuesday and said cities and governments would pay a combined $37 million less for pensions next year.
Kentucky lawmakers met in a special session this summer to pass legislation aimed at shoring up the state's financially troubled pension system for public employees.
Local cities and counties were given 5 years to fully fund their employees' pensions, but now would be given 10 years under Beshear's plan.
(Copyright 2008 by The Associated Press. All Rights Reserved.)