The 2015 session of the Kentucky General Assembly may result in reforms to teacher pensions, including adjustments to future benefit payments and cost-of-living increases.
Kentucky legislators will consider a number of plans designed to reform the state’s pension plan for teachers, the Courier-Journal reports.
The Kentucky General Assembly has been tinkering with the pension plan in recent years in an attempt to shore up unfunded liabilities.
Proposals this year would seek to adjust future benefit payments and decrease cost-of-living increases.
The shortfall is a result of lack of proper funding over time by the General Assembly.
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