Beshear Getting Strong Support On Pension Overhaul Plan

FRANKFORT, Ky. (AP) - Teachers and state workers are showing support for Gov. Steve Beshear's plan to overhaul Kentucky's pension system.

Several testified during a legislative hearing on Monday that Beshear's proposal to keep the state's retirement system from going bankrupt is a step in the right direction.

Beshear's plan would make small changes to existing employee benefits, but it mostly affects future state workers.

Among other things, it calls for making employees work longer before being eligible for retirement. Under the plan, state employees would have to work 30 years and until at least age 55 to be eligible for full retirement.

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

AP-NY-02-25-08 1618EST


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  • by Zatoichi Location: Richmond on Feb 26, 2008 at 04:33 AM
    I heard some discussion on AM 590 yesterday about this. There was a guy that was supposed to be representing the state workers giving the argument that these folks risk their lives daily on the job. Come to think of it, so do I, by driving on some of the roads these state folks are supposed to maintain.
  • by JEFF Location: Richmond on Feb 26, 2008 at 03:32 AM
    Why not change the system? As long as the 1.5% COLA are made annually and the KERS is maintained it should be a good package. The men and women who work in our prisons and state police should still be afforded the hazardous retirement but some of those positions need to be reviewed as well.
  • by steve on Feb 25, 2008 at 02:39 PM
    YAWN!

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