Pension roundtable: What retirees group, Bluegrass Institute have to say about pension reform

09/02/2017 09:45 AM

As Gov. Matt Bevin and lawmakers continue working on pension reform and grappling with unfunded liabilities estimated up to $64 billion in Kentucky’s retirement programs for government workers and teachers, stakeholders and interest groups are weighing in on what they hope to see when the General Assembly convenes for a special session later this year.

Dr. Bill Smith, part of the Bluegrass Institute’s Pension Reform Team, and Jim Carroll, co-founder of Kentucky Government Retirees, joined Pure Politics for an in-studio roundtable on pension reform.

Carroll says the current systems can be saved with an influx of new revenue while Smith says government pensions should be shifted to defined-contribution plans combined with spending cuts to resolve the financial crisis, and the two disagreed on exactly what constitutes the inviolable contract and how far lawmakers can go to alter benefits for current employees.

Watch more from part of the discussion here:

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