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RESOLUTION
A RESOLUTION BY THE CITY OF PADUCAH BOARD OF
COMMISIONERS REQUESTING GOVERNOR STEVEN BESHEAR TO CALL A SPECIAL
SESSION OF THE GENERAL ASSEMBLY TO REFORM THE CERS PENSION SYSTEM
WHEREAS, for the 2008-2009 fiscal year; the City of Paducah is required to
make a $3.7 million contribution to the CERS Pension System to assist funding pension
liabilities related to past Paducah employees; and
WHEREAS, the City of Paducah has been informed that this mandatory
contribution will dramatically increase in future years, if no changes are made to the pension
system; and
WHEREAS, the weight of increasing mandatory contributions to the CERS
Pension System continues to stress and strain local governments' budgets; and
WHEREAS, local governments will be forced to drastically reduce services and
eliminate employees to remain financially solvent to be able to contribute to the retirement
system; and
WHEREAS, the increasing mandatory contributions are causing significant
financial strain for all Kentucky counties and incorporated cities; and
WHEREAS, the Kentucky General Assembly adjourned April 15, 2008, without
passing legislation to repair the pension crisis and provide relief to Kentucky counties and
incorporated cities.
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY
OF PADUCAH, KENTUCKY:
SECTION 1. That the Board of Commissioners of the City of Paducah hereby
requests that Governor Steven Beshear call a special session of the General Assembly as soon as
practically possible to address reforming the CERS Pension System, and the Board urges that
Governor Beshear work with the House and Senate leadership to accomplish reformation of the
pension system.
SECTION 2. This Resolution shall be in full force and effect from and after its
adoption.
ATTEST:
eL101
Tammara S. Brock, City Clerk
Adopted by the Board of Commissioners June 10, 2008
Recorded by Tammara S. Brock, City Clerk, June 10, 2008
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