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%.
In the second televised high-court case, opponents A.G. Beshear and Gov. Bevin will testify.
Gov. Matt Bevin appealed the Circuit Court’s June ruling against his pension reform law.
Bevin has 30 days to file an appeal with state Supreme Court.
Ruling favors attorney general’s objection over how it was passed.