FRANKFORT, Ky. — School districts and local governments will have to contribute more for their employees’ pension benefits under a new set of assumptions made Wednesday by the Kentucky Retirement Systems board.

Pressing forward on the conservative path it began taking last spring, the board voted 11-5 to lower the assumed annual interest rate it would earn on investments of the County Employee Retirement Systems to 6.25 percent from 7.5 percent.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.