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New KY budget plan will benefit state workers

Teachers, school district administrative staff and Kentucky employees could receive pay raises and see a fully funded state pension system under Gov. Steve Beshear’s newly passed state budget plan.

According to the Lexington Herald-Leader, the long-awaited budget plan is a $20.3 billion, two-year spending plan that seeks to improve public worker benefits while still preventing debt by cutting funding to certain agencies and taking money from the bank accounts of some state agencies.

Jim Carroll, a former parks worker for the state and a current spokesman for a community of state retirees, said current and former state workers will benefit from the new budget, and many hope the state will focus more on employees in the state capital of Frankfort in the future.

“The legislature and Gov. Beshear have followed through on a commitment made last year to stabilize the financially fragile pension fund covering most state employees,” Carroll said. “In future sessions, we hope Frankfort will secure a dedicated funding source for pensions.”

CBS affiliate WKYT reported approximately 100,000 state teachers and administrative staff will also benefit from the new budget plan for the next two years. School districts would provide workers with a 1 percent pay increase during the 2015 school year, and a 2 percent raise during the 2016 school year.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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