House panel advances Bevin-backed pension bill

News

FRANKFORT, Ky. (AP) — Kentucky Gov. Matt Bevin’s pension-relief proposal has cleared its first hurdle, winning approval from a legislative committee during the second day of a special session.

The House State Government Committee approved the measure Saturday after defeating two Democratic-sponsored proposals. The plan backed by the Republican governor heads to the GOP-dominated House, which is expected to vote on it Monday.

All three bills aim to give relief to regional universities and quasi-governmental agencies, such as public health departments, hit by sharply higher retirement costs.

Rep. James Tipton is sponsoring the Bevin-backed bill. Tipton says if lawmakers don’t take action, many quasi-public agencies will “go out of business.”

Democratic Rep. Derrick Graham condemned the proposal as “immoral.” He says it will break a promise made to employees if their agencies leave the retirement system.

For the latest breaking news and stories from across the
Tri-State, follow Eyewitness News on Facebook and Twitter.

(This story was originally published on July 20, 2019)

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.