Glasgow Daily Times, Glasgow, KY

State News

April 4, 2013

Beshear signs pension bills

FRANKFORT —

Given his involvement in the last-minute negotiations on pension reform, it wasn’t surprising, but Gov. Steve Beshear announced Thursday he signed bills to change the pension system to fund increased contributions to it.

He also signed into law Senate Bill 13 which allows alcohol sales on Election Day and also incorporates recommendations made by an alcohol regulation task force.

Senate Bill 2, sponsored by Sen. Damon Thayer, R-Georgetown, changes pension benefits for new employees hired after January 2014, who will be placed in a half-defined benefits plan and half-cash balance plan. Existing defined benefits are retained for current employees and retirees and the changes do not affect teachers.

Read more of this story in Friday's print or e-Edition of the Glasgow Daily Times.

http://glasgowdailytimes.newspaperdirect.com/epaper/viewer.aspx

 

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