Pension Bill Clears Kentucky House

by Rick Howlett on June 25, 2008

From Kentucky Public Radio’s Tony McVeigh 

A pension reform bill sought by Kentucky Governor Steve Beshear moved another step closer to final passage Wednesday.

The House voted 98-0 for the measure, which includes a funding plan to eliminate a $26 billion deficit in current retirement programs. The bill drew strong praise from Frankfort Rep. Derrick Graham, who represents thousands of state workers.

“I am pleased to be able to say that House Bill One is an attempt to uphold the state’s end of the bargain. To keeping the promises made to current employees and our retirees. But House Bill One is only the beginning,” Graham said.

The bill now goes to the Senate, as lawmakers remain on track to end the special session on pension reform by their self-imposed deadline of Friday.

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