Kentucky leaders reach deal on pension plans

Bevin plans to change state's public pension plan

FRANKFORT, Ky. (AP) - Kentucky's Republican leaders say they have agreed on how to change the state's struggling public pension system.

Gov. Matt Bevin, state House Speaker Jeff Hoover and Senate President Robert Stivers will announce the plan Wednesday at 9 a.m. in the state Capitol. All are Republicans.
 
The state Legislature is not scheduled to reconvene until Jan. 2. But Bevin has vowed to call lawmakers back to Frankfort for a special legislative session to take up the pension bill.
 
Kentucky's pension system is among the worst-funded in the country. The state is at least $33 billion short of the money that will be required to pay retirement benefits over the next 30 years. More than 400,000 people are members of the state's various public pension systems.

© 2017 Associated Press


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment