Thought the following clip from the National Association of State Retirement Association would be interesting. (See below and click on Link.)
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Newly Elected Kentucky Governor Will Propose 401K Plan to Replace Pension for State Workers:
Gov.-elect Matt Bevin said Friday he hopes to present to state lawmakers in the upcoming legislative session a plan to implement a 401(k)-style retirement plan for new state government employees. Bevin … called the state’s public retirement systems the “most critical” challenge his administration faces. The Republican businessman from Louisville takes office Dec. 8.
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