Bevin announces pension problem solution

Kentucky Governor Matt Bevin has a plan to address the state’s $40 billion public pension problem. Bevin announced the “Keeping the Promise” plan which would fix the state’s pension problem in 34 years. The plan moves the state into a 401K type contribution plan for all future employees considered non-hazardous including teachers and some government workers not in the physical line of duty. No changes will be made for those employees who work in hazardous conditions. Bevin said there would be no reduction in health care benefits. The bill it in the works and will be released for reading in coming weeks.

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