Governor Beshear Considers Special Session On Pensions

FRANKFORT, Ky. (AP) - Gov. Steve Beshear says he wants Kentucky
lawmakers to agree on an overhaul of the state pension system
during the next three weeks.

The governor says he'll call the General Assembly into a special
session before June 30 to pass the changes if lawmakers can reach

Beshear met with House and Senate leaders Thursday morning to
discuss his proposal to deal with the financially strapped system.
Beshear's proposal calls for raising the retirement age for future
state employees and requiring new employees to contribute 1 percent
of their salaries to health insurance.

Beshear says the special session would take place the week of
June 23 if lawmakers reach agreement.

Lawmakers were unable to pass a pension overhaul during the
regular legislative session that ended in mid-April.

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  • by gary Location: pikeville on May 30, 2008 at 08:16 AM
    As long as Ky allows it's employees to earn as many as three pensions during their work history the system will allows be broke. As it stands you can work for one cabinet in a hazarous duty positiion for 20 years retire begin drawing your pension then go to work for a 2nd cabinet in a hazarous duty position for 20 more years draw a second pension and finally work for a cabinet in a third hazarous duty position for 5 or more years and you will draw three seperate state retirements. Don't have a problem with an employee getting his due retirement but you would think it would be rolled into one retirement using number of years service. It also limits the number of young people who can hire on at base pay.
  • by terry Location: Pike on May 30, 2008 at 06:34 AM
    time to trim the fat and cut pension and retirement accounts. that will get the state back on track.
  • by wesley Location: crown on May 30, 2008 at 05:38 AM
    The governor needs to fund the schools first.
  • by Melissa Location: Johnson Co, Kentucky on May 29, 2008 at 12:16 PM
    Asking our Lawmakers to agree on something, is a waste of time and tax payers money! Look's like Beshear would know that by now!
  • by Rosey Location: Hazard on May 29, 2008 at 09:18 AM
    At the very least this governor is trying to sort out this mess, thats a lot more than I can say for the previous administration that put un in this financial condition.
  • by DC Location: Hazard on May 29, 2008 at 06:47 AM
    I would like to submit a couple of thoughts in refrence to this whole mess. First, the state MUST honor her obligations to retirees already in the system. This does NOT mean letting the retirees pension(s) slowly whittle away to inflation due to only increasing one or two percent yearly, while inflation outpaces that. That is NOT honoring a covenant with the retirees. Any and all FUTURE retirees may be in a different scenario, BUT that agreement is done beforehand, not after. It is NOT honorable OR acceptable to change the rules AFTER the fact. In other words, JUST DO THE RIGHT THING. Honor our commitments, but it is O:K to negotiate future retirees. A state is like an individual in the aspect of They are only as good as their word. A deal is a deal. We MUST honor our word. period.


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