State senator, the running mate of GOP Gov. Bevin, vows to come up with an alternative to bill Bevin vetoed.
Blackstone and Prisma lawyer up to get their money back from ‘meritless’ case.
Opponents call bill ‘idiotic and irresponsible.’
However, bill would need 60 of 100 House votes to pass.
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Bipartisan division will try to analyze the state’s funding gap and develop passable pension proposals by mid-February.
The agency says the state’s lack of pension overhaul won’t hurt its rating, despite Bevin’s warning.
Pension reform, stymied in court, is on the top of the lawmakers’ agenda.
Ratings agency doesn’t downgrade the state but puts it on ‘credit negative’ status, which could portend trouble ahead.
House members say $43 billion funding problem can’t be resolved over a “five-day session.”
State house introduces two pension reform bills during late-night meeting.
As the state Supreme Court mulls whether to reinstate the new Republican pension law, the party’s lawmakers look for a Plan B if they lose.
Andy Beshear says dedicated revenue source needed to save state retirement systems.
The $19.8 billion pension plan increases its funded status to 57.7%.