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Mon August 18, 2014
LaRue County GOP Passes Resolution Urging Lawmakers to Fix Broken Pension System
The LaRue County Republican Party has passed a resolution urging the Kentucky General Assembly to fix the state’s crumbling pension system.
The resolution marks growing concern across the state over the state’s underfunded public employee pensions, which command debt in the tens of billions of dollars and affect the pensions of hundreds of thousands of state and county employees.
LaRue County GOP secretary Gil Myers says the issue affects the financial future of the state.
"There’s a need for transparency and reform of the entire Kentucky pension system before the system collapses and Kentucky is not able to meet its obligations to retired teachers and other employers," Myers said.
Myers says he believes a special session of the General Assembly should be called to deal with the issue.