Kentucky Pension Bill Would Ease Burden on Small State Agencies (1)

Small Kentucky public agencies straining under the burden of high pension contributions could catch some relief under a bill the state House passed on Thursday.

The measure (H.B. 171), which passed on a 90-to-0 vote, would rejigger the funding formula for one of the worst-funded pension systems in the country, decreasing the burden on dozens of health agencies across the Bluegrass State while shifting some of the funding onus onto larger institutions.

The bill now moves to the Senate. Republican leaders in that chamber didn’t immediately respond to a request for comment on whether they support the bill. ...