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NEWS BRIEFS
Ky. lawmakers' pensions to go up
FRANKFORT, Ky. (AP) — While the state struggles with a $1 billion shortfall, the retirement plan for legislators is set to increase by more than $3.5 million in the next budget.
The Courier-Journal reported Friday that the total for pensions for state lawmakers will increase from $759,158 in the current budget to $4.28 million over the next two years because of a benefit enhancement quietly voted into law four years ago.
The totals come from a recently released actuarial report for the Kentucky Legislators Retirement Plan.
That report says almost half of the $4.28 million will be used to pay for a controversial enhancement that benefits fewer than 30 current and retired legislators.
