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Pension overhaul bill introduced in Kentucky Senate

FEBRUARY 28, 2018 | by Bruce Schreiner | U.S. NEWS & WORLD REPORT

“… The new measure would not force any current or future state employees or teachers to move into a defined contribution 401(k)-style retirement plan. … new teachers would be placed in a 'hybrid cash balance plan' that includes features of both a traditional pension and a 401(k)-like plan, he said. … The new bill also would not require all employees and teachers to pay an extra 3 percent of their salary for a retiree health benefit. And the new version does not create an incentive for employees and teachers to retire at their earliest possible eligibility …”

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