House Bill 416 http://wkms.org en Pension Fixes in Limbo As Leaders Argue Over Approaches http://wkms.org/post/pension-fixes-limbo-leaders-argue-over-approaches <p></p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">A House bill aiming to help generate revenues for the underfunded pension system is in legal limbo as the Senate refused to accept the bill.</p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">House Bill 416 takes revenues from expansion of Instant Racing and online lottery sales and the start of a Keno game to generate close to $100 million a year to pay into state's currently underfunded pensions for state employees.</p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">Revenue bills in odd-year sessions must have 60 House votes in final passage to be considered within the rules; House Bill 416 only received&nbsp;<a href="http://wfpl.org/term/kentucky-state-pensions" style="margin:0px;padding:0px;border:0px;vertical-align:baseline;color:rgb(12,76,162);text-decoration:none" target="_blank">52 on the floor</a>. Because of that, the Senate clerk refused to accept the bill.</p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">But House Speaker Greg Stumbo says the Senate should amend the bill and send it back to the House for final passage if it wants to avoid a special session. Fri, 01 Mar 2013 14:05:41 +0000 Kenny Colston (KPR) 28732 at http://wkms.org Pension Fixes in Limbo As Leaders Argue Over Approaches