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Senate puts public pension bill on fast track

February 05, 2013 | | Comments Comments

FRANKFORT – The Senate is putting on the fast track a bill that tries to remedy the state’s ailing employee pension system.

Senate Majority Leader Damon Thayer, R-Georgetown, introduced Senate Bill 2 Tuesday and said the Senate State and Local Government Committee will vote on it Wednesday. The full Senate may vote on it by the end of this week, he added.

The bill primarily reflects the recommendations of the bipartisan Task Force on Kentucky Public Pensions. The pension system faces $30 billion in unfunded liabilities.

The Senate bill does not address how to pay for changes to the system. House Speaker Greg Stumbo, D-Prestonsburg, has said he prefers legislation that would include funding.

–Jack Brammer

Filed Under: Damon ThayerKY General Assembly

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