Gov. Bevin, top lawmakers set to unveil plan to address pension crisis

FRANKFORT, Ky. (WKYT) - It has been an ongoing crisis, and on Wednesday morning Kentuckians will get their first look at state leaders' plan to fix it.

They are calling that plan "Keeping the Promise," and Governor Matt Bevin says it will fix the state's pension problem.

After a ceremonial bill signing at the capitol on Tuesday, the governor said a special session is coming soon.

Gov. Bevin also criticized a lawmaker's proposal to legalize marijuana as a way to save the pension system.

"If you look at this, the proposal that this would generate $100 million - we have a $60 billion problem at least, probably bigger - that's 600 years of smoking pot to fix the pension crisis," Gov. Bevin told reporters. "I don't think that's the solution for Kentucky. We're going to fix it with constructive changes and not with delusional ideas like that."

On Tuesday evening, the governor's office announced that Gov. Bevin, Senate President Robert Stivers and House Speaker Jeff Hoover will unveil a comprehensive plan to save the state's pension system.

They are calling the plan "Keeping the Promise," and a news conference unveiling the plan is scheduled for 9 a.m. at the capitol.

In a video posted to Facebook on Tuesday evening, Gov. Bevin said he is confident they can fix the pension problem and be an example to other states.

"Everybody wants a solution," he said. "We've come up with one that saves the pension system and keeps the pension promise. This is a bill that every single legislator will vote for if they're doing what's right for retirees and for state workers."

Gov. Bevin told reporters earlier in the day that once the plan is unveiled, folks will have plenty of time to look at it before the General Assembly votes on it.

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