Pension Bill Signed Into Law
On Wednesday, the full Senate, convened in a special session, voted to pass House Bill 1.The legislation hopes to address rising pension costs, and offer something of an escape clause, for regional universities and certain other agencies known as “quasi-governmental” bodies. Some critics, however, questioned the bill’s legality. Just a few hours hours after its passage Governor Bevin signed the bill into law that goes into effect immediately because it contains an emergency clause.
Source: MG News
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