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One Kentucky City Did Pension Reform and Lived to Tell the Tale
The Wall Street Journal; subscription may be required
Sept. 22, 2013
"Today Lexington is being held up by pension watchers as a model for its sweeping reform. So how were we able to cut our unfunded liability by 45%, (effective the moment Gov. Steve Beshear signed the reform into law on March 14), institute comprehensive benefit changes, and still have a whopping 76% of beneficiaries vote to send the reform package to the state legislature?"
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