Top Lawmakers Discussing Pension Plan

FRANKFORT, Ky. (AP) - Top lawmakers are meeting in private at the Kentucky Capitol to work on a possible plan to shore up the state's financially troubled pension system for public employees.
The working group began meeting late Monday morning and includes
Senate President David Williams and House Speaker Jody Richards.
The state's retirement system covers more than 445,000 people,
including state and county employees and public school teachers.
The system faces a potential unfunded liability of more than $26
Gov. Steve Beshear says he'd consider calling a special legislative session if lawmakers can agree beforehand on a way to strengthen the pension system.
A plan to overhaul the system stalled at the end of the regular
legislative session earlier this year.

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

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  • by ghettochip Location: richmond on Jun 9, 2008 at 03:38 PM
    how much are they getting paid to meet in private? they got a 5% raise and others got nothing. bet their retirement isn't in jeopardy. we will just have to wait and see where true appreciation resides. if you hurt the little people that do all the hard work, you are knocking your legs out from under your structure. what happens then? the structure falls. guess someday all the little people will be laughing at them. little people know how to survive when hard times hit, cause it's always a hard time. fat frogs have been too lazy for too long to be able to survive a hard hit.
  • by james Location: frankfort on Jun 9, 2008 at 02:58 PM
    it is amazing to me the terminology that is used to describe what they are trying to do to the pension system. It is fine to change it for the better,but somehow all the changes just give the shaft to the workers who have devoted years of their lives tothe state, county, or any other factory or business. I do not know what things are coming to but i suspect it is going to take another civil war to straighten it out. i could go on and on but my time is far to valuable to waste on lawmakers and governors that dont get it. we need less regulations and silly laws like the seat belt law which only applies to a driver of a four wheel or more and not to motorcycles, what a crock do to the pension system.
  • by clay Location: Richmond on Jun 9, 2008 at 02:04 PM
    The media refuses to point out that these are the folks that caused the shortfall.So why be excited about their posturing for a coverup. Most aspects of state government are corrupt so working in secret is required.
  • by Diane Location: Mt. Sterling on Jun 9, 2008 at 01:05 PM
    Why do they have to meet in private?? What's so secret about pensions?? As for 26 Billion shortfall for half a million employee geeze, that's nearly 60 thousand dollars per employee, per year? Thats quite a bit of coverage. But I doubt that all employee's get an equal amount of coverage so maybe that's what the secret is.


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