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Kentucky mayors call for action to stem pension crisis

The mayors of Kentucky's two largest cities called on state lawmakers Monday to enact reforms that would help curb pension obligations that are crippling budgets in Lexington and Louisville.

By Dylan Lovan | Updated on January 07, 2013

FRANKFORT, Ky. (AP) — The mayors of Kentucky’s two largest cities called on state lawmakers Monday to enact reforms that would help curb pension obligations that are crippling budgets in Lexington and Louisville.

Pension payments have ballooned over the past decade in Lexington and now account for 20 percent of the city’s annual budget, Mayor Jim Gray said. Lexington’s obligations were just 6 percent of the budget in 2000.

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