FRANKFORT, Ky. (WHAS11) -- Kentucky's efforts to tackle pension reform will have to wait until the new year.

On Thursday morning Governor Matt Bevin said he expects the general assembly to vote on a plan to solve the pension crisis when it returns in January, calling a special session in the next week impractical.

He began his year-end news conference touting economic development, jobs, and capital investment; which, he said will close at $8.9 billion. That shatters the old record of just more than $5 billion.

There were unanswered questions, after his new conference, on how the Commonwealth will pay for any pension plan. The Governor warned the upcoming regular session could see major budget cuts.

The governor also gave a fiery critique of Attorney General Andy Beshear saying he takes nothing the AG does seriously and accused him of making "everything political."

WHAS11's Political Editor Chris Williams asked if the governor was going to seek re-election and he will have that answer this evening on WHAS11 News. Follow Williams on Twitter and Facebook.