FRANKFORT, Ky. (AP) — A newly released audit that criticizes oversight of the Kentucky's $13 billion pension fund could provide the impetus needed to get the legislature to act, leading lawmakers said Wednesday.
Republican Sen. Damon Thayer of Georgetown and Democratic Rep. Mike Cherry of Princeton, co-chairmen of the Joint Committee on State Government, have been stymied in the past in their efforts to get pension reforms through the General Assembly.
But they will have new ammunition when the legislature convenes in January — the audit that documented management problems within the Kentucky Retirement Systems that serves some 330,000 employees and retirees.
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