Kentucky governor says pension announcement coming soon

FRANKFORT, Ky. (AP) - Kentucky's Republican governor says he is close to calling state lawmakers back into session so they can make changes to one of the country's worst-funded public pension systems.

Gov. Matt Bevin told reporters Tuesday an agreement with state lawmakers just needs "a bit of I-dotting and T-crossing." Bevin and leaders of the state House and Senate have been crafting a proposal in private for months.

State officials are at least $33 billion short of the money needed to pay retirement benefits over the next 30 years. But talk of changing the system has prompted a wave of retirements as state workers are fearful of how the changes could impact them.

Republican state Rep. Bam Carney is a public school teacher. He said the proposal meets all "legal and moral" responsibilities.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

10/17/2017 3:22:47 PM (GMT -4:00)

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus