Lexington Police and Fire Pensions http://wuky.org en Deal Struck To Shore Up Lexington's Police & Fire Pensions http://wuky.org/post/deal-struck-shore-lexingtons-police-fire-pensions <p class="ap-story-p"><span class="entry-content">LEXINGTON, Ky. -- Lexington Mayor Jim Gray says negotiators have reached an agreement to shore up the city's police and fire pension.</span></p><p></p><p class="ap-story-p"><span class="entry-content">City officials said Friday that the plan would immediately cut the city's unfunded liability by about 45 percent. Lexington's police and fire pension currently has a $296 million unfunded liability.</span></p> Fri, 18 Jan 2013 16:57:45 +0000 Associated Press 26126 at http://wuky.org Deal Struck To Shore Up Lexington's Police & Fire Pensions Mayor Gray Tells Lawmakers City May Seek Legislative Remedy To Pension Problem http://wuky.org/post/mayor-gray-tells-lawmakers-city-may-seek-legislative-remedy-pension-problem <p>FRANKFORT, Ky. - Lexington Mayor Jim Gray says the city may introduce legislation in the General Assembly to wrest control of its troubled police and fire pension fund away from state lawmakers.&nbsp;</p><p>Lexington is the only city in Kentucky where police and firefighters are not covered by the state pension system.&nbsp; The onus is on the city to have one and fund it, but control of the plan rests with the legislature.&nbsp; Mayor Gray says despite annual contributions, the fund is currently 258 million dollars in the hole.</p> Thu, 29 Nov 2012 18:52:41 +0000 Alan Lytle 24117 at http://wuky.org Mayor Gray Tells Lawmakers City May Seek Legislative Remedy To Pension Problem