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Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
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KY Treasurer Hollenbach proposes Kentucky Retirement Account Plan has been endorsed by the AARP - American Association of Retired Persons By Mark Pfeiffer and Bethany E. Goad News from KY State Treasurer Todd Hollenbach's office Entitled the KYRA Bill ( pronounced kigh-ruh) which stands for Kentucky Retirement Account, Kentucky Treasurer Todd Hollenbach told reporters in a Capitol rotunda news conference in Frankfort today that the proposed legislation allows the Commonwealth to act as a catalyst to make available a privately run retirement savings plan for all Kentuckians who lack access to a plan at their workplace. "There are 786-thousand Kentucky workers who could take advantage of the Kentucky Retirement Account Program", the Treasurer stated. "KYRA will provide an opportunity for them to insure they have enough income to support themselves when they retire." State Representative Martha Jane King of Lewisburg, the primary sponsor of the bill said, "The goal of this legislation is to promote financial freedom, give Kentuckians a choice, give employees control, save taxpayer dollars and do it in such a way that there are no ongoing costs or risks to employers or the state." Treasurer Hollenbach outlined the essential points of the bill, "It will be privately administered similar to the management of the Kentucky Deferred Comp system for public employees. It will be voluntary with a default auto enrollment unless the employee decides to opt out. It will be portable. Workers can take their plan with them if they change jobs. It will cost employers nothing and it will cost the state nothing." The Treasurer expressed gratitude to Representative King for her support and leadership on the issue. The Treasurer was also grateful for the endorsement of his proposal by the American Association of Retired Persons (AARP). Research by AARP found that inadequate retirement savings is a major concern. "Failure to save adequately for retirement," Representative King stated," will lead to increased burdens on a costly and already overburdened social service network costing taxpayers millions of dollars. And if action is not taken quickly this crisis threatens to plunge many of our seniors into poverty, disrupt entire families, and impact our overall economy", she added. This story was posted on 2015-02-10 06:18:31
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Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Kentucky:
KY Dept. of Revenue temporarily holding electronic returns State officials plan to end Veteran Homelessness in KY in 2015 Gov. Beshear appoints Barry Stotts to F&W commission New Downtown Louisville Bridge to Open ahead of Schedule AG announces arrest of Kenton Co. man on child porn charges Rep. BAM Carney will not seek re-election as House GOP Whip KY State Park Foundation awards 3 Grants for Parks and Trail AG Conway announces $90 million settlement with T-Mobile Green Co. among 17 recipients of state Parks & Rec Projects Henderson, KY, man sentenced to 100 months for bank robberies View even more articles in topic Kentucky |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
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