Monday, March 12, 2007

Pension Issue Unresolved

The Courier-Journal's Tom Loftus reports that at midday today, on what is intended to be the final day for passing bills in the 2007 legislative session, top leaders in the House and Senate remained divided on a plan to bail out state retirement systems.

Senate President David Williams, R-Burkesville, said the Senate still wants approval of more than $800 million in bonds to cover financial problems in the state employee and teacher pension plans, as well as limits on benefits for future state employees.

But House Speaker Jody Richards, D-Bowling Green, said the limiting of benefits for future state workers needs to be studied more.

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