Gov. Bevin touring state to sell pension overhaul plan

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LONDON, Ky. (WKYT) - Republican Governor Matt Bevin is speaking to communities across the commonwealth, as he tries to sell the public on his plan to fix the state's ailing pension system.

During a trip to London Tuesday, Bevin addressed some of the criticism his plan, called "Keeping the Promise", is generating.

Among the proposed changes, the bill would freeze benefits for current workers once they reach 27 years of employment, and move them into a 401(k) style retirement plan.

The bill is facing opposition from several current state employees, as well as from lawmakers on both sides of the aisle.

Representative Wesley Morgan, a fellow Republican, announced on Monday that he would vote against the bill.

During his stop in London Tuesday, Bevin admitted he not been put in an easy position.

Nobody wants to be the governor that cuts things and pays bills when others have not cut and not paid bills, but we don't have the luxury of ignoring it," Bevin told a gathering of the London Laurel County Chamber of Commerce. "We could ignore it. I could be the last guy who gets to ignore it before it completely collapses, but I'm not going to do that."

The governor went on to stress that the state's pension funding problem, the worst in the nation, didn't happen overnight, and that it was going to take even longer to get out of it.

After his London visit Governor Bevin plans to make another stop Tuesday in Owensboro.

No vote has been scheduled on the governor's proposed bill.



 
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