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Governor issues statement after signing pension bill

By Nicole Burton

Frankfort, KY - Gov. Matt Bevin joined state legislators and stakeholder groups on Wednesday afternoon in Frankfort to officially sign into law House Bill 1, which was passed in special session by the General Assembly earlier in the day.

Gov. Bevin released the following statement regarding HB 1, which delivers pension relief for Kentucky's regional universities and quasi-governmental agencies:
"We are grateful for the diligent work of fiscally responsible House and Senate members who came together to pass HB1. I applaud their dedication to delivering much-needed financial relief for Kentucky's quasi-governmental agencies and regional universities. This legislation provides a viable path forward for our mental health agencies, rape crisis centers, local health departments, and other community agencies whose dedicated employees provide critical services to citizens across the Commonwealth. While we have much work yet to do in addressing our $60 billion public pension crisis, HB 1 represents a positive step forward. I am confident that with continued collaboration and hard work, we can save our pension system and preserve it for the thousands of hardworking men and women whose financial futures depend on it."




This story was posted on 2019-07-25 06:43:05
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