Pension Reforms

kentucky.com

Gov. Matt Bevin is pitching to business groups across the state his bill that would—among other things—move most future and some current state workers onto 401(k) style plans.  Lawmakers in rural parts of the state have been slow to support the proposal. 

The plan has drawn fire from state employees who worry that future hires and current ones affected by the changes would receive less-generous benefits from the state. 

kentucky.com

The leader of the democratic minority in Kentucky’s House of Representatives is not convinced a special legislative session is the best way to go in working to solve public pension problems.  

Rocky Adkins offered his thoughts following an event Monday at the Scott County Toyota Plant. 

wkyt.com

Gov. Matt Bevin Monday defended his proposal to change the state’s pension systems before a group of business leaders in Lexington.

Late last week, Bevin released a much-anticipated draft of a bill that would move most future and some current retirees onto less-generous 401(k)-style plans.

The proposal would also tweak benefits to current employees and retirees, drawing fire from state employee groups that say the changes would be illegal.