A new proposal to overhaul Kentucky’s public pension systems has been filed in the state Senate. Though full details of the proposal hadn’t yet been unveiled by Tuesday evening, Senate Republican leaders say it differs greatly from a version pushed by Gov. Matt Bevin last fall. Sen. Joe Bowen, a Republican from Owensboro, said Bevin’s proposal would have cost the state more by shifting most future and some current workers into 401(k)-style retirement plans, known as “401(a)s”.
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