FRANKFORT, Ky. (AP) - State and county government retirees would forgo cost-of-living pension increases over the next two years under a budget proposal that could get a vote on the House floor by midweek.
The retirees had been slated to receive 1.5 percent increases each year in their monthly pension payments. But House lawmakers, faced with tight finances, are recommending the increases be suspended.
House Appropriations and Revenue Committee Chairman Rick Rand said that's just one of the tough decisions lawmakers have had to make to balance the state's proposed two-year, $19.5 billion budget.
Rand said he expects his committee to vote on the General Fund budget on Tuesday. A House floor vote could come as soon as Wednesday.