Breaking News5th Circuit Court of Appeals kills fiduciary rule


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Kentucky lawmakers considering moving the state defined benefits pension system to a defined contribution system have backed off from that plan.(Photo: Shutterstock)

A move proposed by Kentucky’s Republican governor, Matt Bevin, last year to transition the state’s public employees from defined benefit to defined contribution plan appears to be losing support—especially after a controversial e-mail sent by business leaders in the state urged lawmakers to end DB plans.


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