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For years Kentucky Retirement Systems has been falling into a hole, and State Rep. Brad Montell (R-Shelbyville) says it’s time to make some tough decisions to bring it out.
One thing he wants the state to look at is Bill Request 86, which he prefiled for the 2010 session. The bill would change the retirement plan for legislators elected on or after July 1, 2011.
“It would affect future legislators and change the retirement plan from a defined benefit plan, which is a pension, to a defined contribution, which is a 401k,” he said.
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