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Beshear Offers Plan To Help With Pensions

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.)


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