FRANKFORT, Ky. (WHAS11) -- Chants and jeers welcomed chairman Joe Bowen as he took his place in the Committee Meeting.
Sen. Bowen had given retirees a week to look at his substitute plan to rescue Kentucky's public pension system claiming it will save state retirements over a 30-year period with much of that effort taking place in the next 20.
Over that time retirees will see lower Cost of Living Adjustments known as "COLAs.”
The attendees cheered all 4 "no" votes and let those in favor hear their disproval.
The plan must get full Senate approval before heading to the House with 15 days left this legislative session. That's where opponents intend to focus their efforts to defeat the measure.
Kentucky Edcuation Association President Stephanie Winkler agrees with Attorney General Andy Beshear who this week argued that the plan violates the law. The KEA is considering a lawsuit if Senate Bill 1 becomes law.
After the vote, Senate President Robert Stivers spent about 20 minutes talking to opponents in the hallway. While the debates were passionate, they ended amicably with retirees asking the most powerful man in the Senate to reconsider tax reform before tackling the pension problem.
President Stivers insisted that the full Senate would not March 7 but would take up the issue late in the week or early next week.
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