WKYT - Frankfort - Headlines

Kentucky senate OKs change to legislative pension provision

FRANKFORT, Ky. (AP) - The Kentucky Senate has voted to rein in a state law that allows legislative pensions to be "supersized."

The bill cleared the Senate on a 38-0 vote Thursday. It would allow lawmakers to opt out of a provision of a 2005 law that can pad their legislative pensions by taking high-paying judicial or executive branch jobs.

Sen. Chris McDaniel says changing the provision is the "right thing" to do.

McDaniel says the bill would allow lawmakers to make a one-time, irrevocable decision to have their legislative pensions calculated solely on their legislative salaries.

That would prevent their pensions from getting a big boost when they take plum government jobs.

He says the bill could eventually save the state about $6 million.

The bill now heads to the House.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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