Governor Ernie Fletcher said a task force has a huge assignment in finding solutions to the problems facing Kentucky’s Retirement System.
Earlier this year, the legislator failed to approve a state pension overhaul. The plan endorsed by Fletcher would have sold more than $800 million in pension bonds to give the system a cash infusion.
Fletcher has appointed a task force to study ways to solve the financial troubles facing the pension system and healthcare benefits for retired teachers and state employees.
The task force is supposed to complete its work by December 1, 2007.
This would allow time for the legislature to tackle the issues when it convenes in January.