House Approves Pension Legislation

FRANKFORT, Ky. (AP) - The Kentucky House has approved
legislation intended to keep the state's public employee retirement
system financially solvent.

The measure passed Wednesday 98-0.

Lawmakers convened a special session of the General Assembly
earlier this week on Gov. Steve Beshear's orders. Legislative
leaders say they're looking to give the pension legislation final
passage by Friday and send it to Beshear for his signature.

About 435,000 people are covered by the state retirement system
which, lawmakers say is facing eventual financial collapse if left
ignored. The system has an unfunded liability of more than $26
billion.

The measure now heads to the Senate for consideration.


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