Kentucky Public Pension Coalition http://wkyufm.org en Coalition Rallies Against Big Changes to Kentucky Public Pensions http://wkyufm.org/post/coalition-rallies-against-big-changes-kentucky-public-pensions <p>Current Kentucky state employees and retirees packed the Capitol Rotunda to encourage lawmakers to rethink some proposals made by a task force on public pensions last year.</p><p>Calling themselves the Kentucky Public Pension Coalition, the group of more than a dozen interested organizations encouraged their members to tell lawmakers not to switch to a hybrid pension plan for new hires and to reinstate cost of living adjustments every year.</p><p>Bill Londrigan is the president of the Kentucky AFL-CIO and a member of the coalition. And he says a study by the group shows a hybrid 401K plan reduces benefits year after year.</p><p>“You know if you look at it, you’ll see the estimates decrease benefits over the long term, something we’re totally against,” he says. Thu, 10 Jan 2013 20:17:00 +0000 24706 at http://wkyufm.org