WKYT | Lexington, Kentucky | News, Weather, Sports

Lawmakers approve funding plan for state pensions

FRANKFORT, Ky. (WKYT) - A funding plan intended to restore solvency to Kentucky's pension plans for government retirees has cleared the House and Senate and now goes to Gov. Steve Beshear to be signed into law.

The measure would provide nearly $100 million a year to make the state's required contribution to the pension plans.

The House voted 82-17 for the proposal and the Senate voted 35-3 for it Tuesday evening, just hours before the end of this year's legislative session.

A separate measure to create a 401(k)-like retirement plan for new employees was approved as a separate measure by the Senate, 32-6, and by the House 70-28.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 200146421 - wkyt.com/a?a=200146421