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Wed September 5, 2012
Lawmaker Seeks to End Legislators' Pensions
A Kentucky Republican lawmaker is attempting to end the pension program for legislators.
State Representative David Floyd says Kentuckys part-time lawmakers shouldn't get pensions. But currently they do, and some lawmakers are able to fatten their pensions by taking higher-paying jobs elsewhere in government, then collecting a pension for the higher salary after they retire.
Floyd has drafted a bill to end that practice and close the legislative pension system to anyone elected after this year.He's also submitted a bill that would go farther and completely end the pension system and deny current lawmakers their benefits.
Various proposals to change or reduce legislative pensions have been sponsored, but none have ever come close to passing.