(Frankfort, KY) - Governor Matt Bevin is getting the pension reform package that he wanted, kind of.
Tonight 49 members of the Kentucky House and 22 members of the Kentucky Senate voted not to keep kicking the pension problem down the road— Governor Matt Bevin (@GovMattBevin) March 30, 2018
Anyone who will receive a retirement check in the years ahead owes a deep debt of gratitude to these 71 men & women who did the right thing
Lawmakers in Frankfort quickly passed a sweeping new law to change the retirement benefits for school teachers and other public employees in the state on Thursday night.
The biggest change moves to-be hired teachers into a hybrid retirement plan that is not as generous as the defined benefit pension that teachers currently receive.
Public school teachers in the state are furious with the new plan. Due to significant teacher absences, schools will be closed on Friday in several districts across the state including Jefferson, Oldham and Fayette Counties.
Here’s 22 senators that will be replaced in the next voting cycles. They have turned their backs on our public employees, our educators, and most importantly, our children. #WeSeeYou #120Strong #VoteThemOut pic.twitter.com/lretscYI7b— Kentucky Democrats (@KyDems) March 30, 2018
However, a number of local government leaders say they need pension reforms to stave-off a fiscal crisis in their communities.