Pension Relief Pleases Some Officials
Paducah, KY – Kentucky Governor Steve Beshear's proposal to give local governments more time to fully fund employee pensions has some area officials breathing a sigh of relief. Beshear's plan would allow cities ten years to fully fund worker pensions instead of five years as approved in a special session last summer. Mayfield Mayor Arthur Byrn tells the Paducah Sun his city would save sixty-three thousand during the next fiscal year if the General Assembly approves the measure. Paducah City Manager Jim Zumwalt and Calloway County Jude-Executive Larry Elkins also say the proposal would make for easier budget planning this fiscal year.