FRANKFORT, Ky. (WKYT) - Time for a special session has run out. That was the message from lawmakers who met in Frankfort on Monday to discuss the state's pension crisis. The Public Pension Oversight Board held its last meeting before the 2018 General Assembly begins. Governor Matt Bevin announced his plan to reform the pension system in late October. He wanted a resolution before the legislature returns in January, but opposition to the plan and a sexual harassment scandal overshadowed the process.
"The clock has run out, which is unfortunate. I mean, I thought it was important that we do have a special session to address this," said Senator Joe Bowen. He serves as the committee's co-chair.
During Monday's meeting, Senator Bowen said he feels the committee has worked hard to put down solid groundwork for the General Assembly. He also said the Senate currently has a draft of a pension bill that contains many modifications that have been requested. He expects the bill to be filed soon.
50 Republican House members pushed for the issue to be dealt with during the 2018 session. They signed a letter to Governor Bevin asking him not call a special session. They told him they're confident a solution can be found but that they needed more time.
The regular session is scheduled to begin January 2.