Kentucky lawmakers take day off as negotiations continue - WDRB 41 Louisville - News, Weather, Sports Community

Kentucky lawmakers take day off as negotiations continue on pension reform

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FRANKFORT, Ky. (AP) -- Gov. Steve Beshear has concluded a meeting with a bipartisan group of legislative leaders without breaking an impasse on pension reform legislation.

The Democratic-controlled House and Republican-led Senate have been at loggerheads on how to shore up the financially troubled pension plans for state and local government retirees.

House Speaker Greg Stumbo called the Friday morning meeting a first step. He's said everyone involved wants to resolve the issue now to avoid the cost of a special legislative session later.

Among the major sticking points: A Senate proposal to create a 401(k)-like retirement plan for new employees and a House proposal to use money from the lottery and horse tracks to boost the state's yearly pension contribution.

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    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.