State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Coalition calls for less generous plans, but nixes switch to DC.
Teachers, hazard workers to keep current benefits until 27 years of service is reached.
Special legislative session may begin in early November.
Performance places TRS in top 8% of large pension funds.
Plan has already gone to Council on Postsecondary Education.
Tells WEKU he must “focus first on the pension issue.”
The state’s main pension funds’ returns ranged from 12.5% to 13.81%.
The senator also says passing SB 226 could help the state’s police fund.
Audit report finds state faces funding shortfall of $33 billion.