WOODFORD COUNTY, Ky. (WKYT) - Kentucky Educators have unveiled an alternative plan to Governor Matt Bevin's pension reform bill.
Dr. Tom Shelton, Executive Director of the Kentucky Association of School Superintendents, presented the "Shared Responsibility Plan" on Tuesday afternoon at Woodford County High School.
The plan would keep most retirement benefits in place for retired teachers. Under the proposal, new teachers would be able to participate in a benefits system that would allow them to supplement retirement savings with a voluntary contribution to an investment account.
Supporters of the alternative plan say it's a 'sustainable' approach to fixing the state's underfunded pension system.
"We must protect the ability of public education to recruit and retain quality educators," Shelton said. "Teachers and education professionals build the foundation upon which every other area of public life in Kentucky stands. We often hear that children are the future, and that is true, but it is also true that as leaders, we stand at a pivotal moment in time as the decisions we make today will directly impact the future of our children."
Governor Bevin's Director of Communications Amanda Stamper responded with the following statement:
"The Bevin Administration met with Tom Shelton and KSBA several times over the last two months. Even though they had several opportunities, neither ever presented an alternate plan, contrary to claims made today. Gov. Bevin remains fully committed to reforming Kentucky's failing pension systems and "Keeping the Promise" does just that, meeting the legal and moral obligations owed to retired teachers and public servants."