May 21, 2013
FRANKFORT, Ky. (AP) - Governor Fletcher says his special task force to study the state's retirement systems will begin its work April 16th.
Fletcher has not decided whether he will call a special legislative session to address the retirement systems, which cover state and local government employees and public school teachers.
There was no agreement between the Republican-led Senate and Democratic-controlled House on a plan the Senate put fourth to overhaul the state's pension system.
The plan involves issuing more than 800 (m) million dollars in bonds to shore up retirement funds for state workers and teachers. It also would not affect current employees and retirees and provide limited benefits for future state hires.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
