Cost of Living Reductions

Local/Regional News
9:26 pm
Tue November 20, 2012

Public Retirees Could Lose Cost-Of-Living Hikes

FRANKFORT, Ky.  -- A legislative group asked to find ways to shore up Kentucky's public pension system recommended Tuesday the repeal of built-in cost-of-living increases for government retirees.

That was among a list of proposals made by the Kentucky Public Pensions Task Force to rein in a growing unfunded liability that now exceeds $30 billion.

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