Lexington Mayor Urges Agreement On Pension Reform Plan

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 6/26/2012 4:25 pm
Mayor Jim Gray today is asking his Task Force on Pension Reform to redouble its efforts to find agreement on a plan to address the growing unfunded liability in Lexington’s pension fund.

Gray appointed the Task Force last October and charged it with forging an agreement on changes that need to be made to the fund to bring it back into balance, financially.

“This Task Force has worked hard, but we gave them a tall order. We shouldn’t be surprised it has been tough to find common ground, since some members of the group have different and occasionally opposing interests,” Gray said. Police officers and firefighters, business leaders and the Council have representation on the Task Force.

Gray also urged Police Chief Ronnie Bastin and Interim Fire Chief Keith Jackson to redouble their efforts to address the issue, specifically asking them to put together a police-fire work group to identify what pension rules can be changed easily, more difficult changes that are needed and what benefits should remain in place to keep Lexington competitive with other cities.

If the group cannot agree on a plan by December, Gray said he will ask Frankfort legislators in the next session to give Lexington control of its pension fund.

1 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

lItagatorhator - 6/26/2012 9:43 PM
0 Votes
You mean put it into the cities hand so they can rob the rest of the money out of it the firefighters and police officers have paid into it out of their own salaries. No thank you Mr Gray.
Most Popular
Police: Kids Stole Popsicles, Shot At Ice Cream Truck Driver
Lexington Police said a group of juveniles stole from an ice cream truck and shot at the driver. And officers said the same kids later tried to break into a nearby home. Video Video
1 dead, 2 injured in motorcycle club shooting
One man is dead and two others were injured after they were shot at an eastern Kentucky motorcycle club.
Woman Accused Of Stealing From Elderly Couple
Tiffany Whitaker is accused of stealing close to $1,000 for a couple she was working for as a caregiver.
Women Chained To Dog House Protests In Frankfort
A woman chained to a dog house rallied in Frankfort against Kentucky's animal chain laws. Amira Thayne said Kentucky needed to better protect animals by banning animal chains. The stop in Frankfort was part of her 'Dogs Deserve Better' campaign. Video Video
Two Vehicle Collision: Tates Creek/Man O' War
No one was hurt after a car collided with a van at the intersection of Tates Creek and Man O' War. Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.