AG Beshear says pension bill violates inviolable contract for current and future retirees

02/28/2018 10:59 AM

Attorney General Andy Beshear, D-Kentucky, has sent a six page letter to lawmakers in the General Assembly, informing them that the proposed pension reform bill violates the inviolable contract for current and future retirees.

Senate Bill 1, which was filed last week, is a departure from Gov. Matt Bevin’s 2017 pension proposal, but Beshear says it goes too far in changing benefits for those retirees.

The letter was posted on social media along with a video from Beshear, hours before a planned vote on the bill in the Senate State and Local Government Committee.

In the direct to camera video to the people of Kentucky, Beshear says that he has sent a letter to legislators informing them that their pension plan violates state law.

“Sadly, Senate Bill 1 breaks that contract, takes away many retirement rights that were inside that inviolable contract — things like cutting the guaranteed cost-of-living-adjustment for teachers, things like changing how state troopers and state and county employees can use sick leave…,” he said.

Beshear details four points of contention with violations to the inviolable contract under the teachers plan in the letter.

The letter, which can be viewed at the hyperlink above, also says the pension plan violates the rights of state employees, state police and county employees.

Beshear recommends in the letter that instead of passing Senate Bill 1, the state legalize expanded gaming in an effort to dedicate a revenue stream to paying for pensions without raising taxes.

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