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Posted: 6:01 PM Nov 28, 2009
Kentucky Lawmaker Pension Budget to Increase
While the state struggles with a $1 billion shortfall, the retirement plan for legislators is set to increase by more than $3.5 million in the next budget.
Reporter: The Associated Press Email Address: News@wsaz.com |
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FRANKFORT, Ky. (AP) -- While the state struggles with a $1 billion shortfall, the retirement plan for legislators is set to increase by more than $3.5 million in the next budget.
The Courier-Journal reported Friday that the total for pensions for state lawmakers will increase from $759,158 in the current budget to $4.28 million over the next two years because of a benefit enhancement quietly voted into law four years ago.
The totals come from a recently released actuarial report for the Kentucky Legislators Retirement Plan.
That report says almost half of the $4.28 million will be used to pay for a controversial enhancement that benefits fewer than 30 current and retired legislators.
Latest Comments
Posted by: TM
on Dec 1, 2009 at 09:48 PM
Yea the last Republican Govener worked real good for the our State. You want to talk about corrupt, you want to talk about parasites. There you go. How quick everyone forgets about how he was. By the way wasn't Fletcher in when this went through. If I am not mistaken he had the power to veto anything that comes across his desk. But I am not the smartest about these things, so correct me if I am wrong.
Posted by: wally
on Nov 30, 2009 at 06:00 PM
AGREE to the concept of "parasitic Democrats"...voters who lack the ability to understand the tenets of those they elect or whose family history dictates the way they vote are so common in Kentucky--a "haven" for ignorance in voting.
Posted by: ad
on Nov 30, 2009 at 02:52 PM
Corruption Corruption Corruption, we vote them in and can vote them out. As one can can they make the laws to tke care of their clicks. We need to clean house from top to bottom. When is the last time a true God fearing hard working family man held office that would not bend or break to the national liberalism that is sweeping a country that was founded on God. When we remove him from our nation we will fail.
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