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Kentucky Reform Recommendations Include Cash Balance Plan for New State Employees
Pensions & Investments Link to more items from this source
Nov. 25, 2012
"A new cash balance plan for new state hires in Kentucky is among the reform recommendations for Kentucky Retirement Systems, issued ... by the state's Public Pensions Task Force. Other recommendations include eliminating the cost-of-living adjustment unless the pension plans are 100% funded, requiring employers to pay the full actuarially required contribution to the Frankfort-based pension system starting July 1, 2014, and resetting the amortization period to 30 years beginning in 2014 from the current 30-year period that began in 2007."

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