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Senate Democratic leader files bill to close legislative retirement to new members

February 15, 2013 | | Comments Comments

HERALD-LEADER FRANKFORT BUREAU

FRANKFORT — Senate Minority Leader R.J. Palmer filed a bill Friday that would close the state legislative retirement plan to any new members after July 1, 2013.

Legislators who have not contributed to the plan prior to this July 1 would not be eligible to participate in it or the Kentucky Employees Retirement System but could participate in a defined contribution plan.

Palmer, D-Winchester, said he did not know if his Senate Bill 193 will win legislative approval. “We’ll see where it goes,” he said.

Filed Under: KY General AssemblyState Government

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