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.

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