After weeks of saying that a proposal to fix retirement benefits for state workers was likely dead, on Thursday Republican leaders of the Kentucky legislature quickly passed a bill overhauling the state’s pension systems. The legislation, which does little to address the state’s pension debt, was attached to an unrelated bill dealing with governance of sewage districts. The legislation, which awaits Gov. Matt Bevin’s signature, would mostly affect future teachers and other state workers, but also tinkers with the benefits of current teachers and public employees hired over the last four years.
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