Public Pension Oversight Board co-chair says House votes aren't there to pass pension reform bill

11/02/2017 04:53 PM

FRANKFORT – Public Pension Oversight Board Co-Chair Rep. Brian Linder, R-Dry Ridge, says that there are not enough votes currently in the House to pass the pension reform proposal supported by Gov. Matt Bevin and House and Senate leaders.

Linder, made the comments after a meeting of the board who heard from State Budget Director John Chilton.

“The votes aren’t here for this bill, that’s what I’m hearing,” Linder said. “So, what we’ve got to do is, we’ve got to get to that point, to find out from members of our caucus what are their issues, what can we tweak, what can be changed, and how many votes do we pick up if we do that.”

Chilton warned lawmakers that if nothing is done, the full ARC will be included in the budget for FY 2019 which is $700 million more than in FY 2018.

Chilton estimates that revenue growth will be modest in 2019, which would set up a scenario where the state would need to free up an additional one billion dollars the state would need to raise beginning with FY 2019, by reducing spending, increasing revenue, and reducing the cost of pensions.

“We do have a real crisis,” Chilton said. “The financial obligations that we’re facing are huge. They’re some really tough policy decisions that are going to have to be made in all areas that are in consideration now and the specials session. The next budget is going to be brutal.”

Co-chair Sen. Joe Bowen, R-Owensboro, took issue with some who claimed that some pension funds such as the County Employees Retirement System (CERS), whose members wanted to separate from KERS because they were better funded and not in as dire a situation as KERS, saying that if it’s only 54 percent funded, it’s failing as well.

“If you have a plan which is funded at 54 percent, I would suggest you could look at it this way, if in fact, 2 people were in a plan that was funded at a 54 percent level, and they were having a conversation about pensions, what that actually means is that there would be a pension for one of them, and there wouldn’t be a pension for the other,” Bowen said. “I would suggest the one that wouldn’t get the pension that would be a crisis for them.”

Don Weber

Don Weber is a Video Journalist for Spectrum News and covers politics and education on Pure Politics, Kentucky’s only nightly program dedicated to state politics. Don is a lifelong Kentuckian and a graduate of Northern Kentucky University. He spent many years covering sports in the Northern Kentucky area before shifting primarily to politics. You can watch Don’s work weeknights at 7:00 and 11:30 on Pure Politics, available exclusively on Spectrum News, HD Channels 403 and 715. If you have a story idea you can reach Don at donald.weber@charter.com.

4 Comments

Comments

  • JoeB wrote on November 02, 2017 05:58 PM :

    My advice to the governor and legislators is to quit trying to pull one over on teachers and state workers.The secret is now out about the state level Ky Chamber of Commerce and big businesses hand in passing legislation in this state that harms teachers,state workers,and other public employees. The Ky Chamber of Commerce has owned the Ky State Legislature and governors for years.Members of localized Chambers of Commerce in cities and towns throughout Ky can expect to be questioned if they support the legislative stance taken by the state level Chamber of Commerce headed up by Dave Adkisson. Hundreds of millions of dollars come into Ky counties from KRS and KTRS. Stakeholders in the retirement systems are realizing they may have been supporting businesses that have supported a state Chamber of Commerce that initiates and passes legislation against public workers interests.They will begin to boycott local businesses that are in agreement with the stance of the main Ky Chamber of Commerce. Businesses in Frankfort,Morehead ,Richmond,and a few other towns have already been approached. Ask Ky Farm Bureau if they are hearing from irate teachers and public workers.

  • Ricky Lee Williams Jr. wrote on November 03, 2017 01:28 PM :

    I don’t throw someone like Jeff Hoover and his family under the bus for a bill to pass. Jeff Hoovers years of being a leader in the community and the church should be enough for you all to hold judgement until the facts come to light. This is nothing but poliitcal games you are falling for. This is why good people don’t get into politics. Our own is ripping to shreds everything that Jeff Hoover has accomplished as a man , husband , father , and Representive , being destroyed over a Pension Bill hat Governor Bevin is pushing to be passed without anyone being able to take a look at or give ideas to. What a sight to see , and a shame some of you all are. All over greed and ignorance. Christians my ass. More like a bunch of Vulchers.. RL

  • AllPainNoGain wrote on November 03, 2017 02:54 PM :

    RL, your partisan colors are showing. Stop being an apologist for a sexual predator and start holding your party responsible. Maybe your memory is short, but mine isn’t. After the Arnold allegations, Hoover made an impassioned floor speech demanding the then democratic house leadership hold him responsible for his actions. He went in and demanded immediate action. Hoover called for them to take the moral high ground and to stand up for the victims. Well, look how the tables have turned and here you are making excuses for him. You may only see him as an accomplished man, husband, father and representative…but you can also add sexual harasser and predator to that list. Was tax payer money used to buy his way out of the allegations? As Hoover said in his now ironic floor speech, who knew it happened, when did they know it and what did they do?

  • Ricky Lee Williams Jr. wrote on November 03, 2017 07:41 PM :

    This will be my last post on this issue, until further information has been gathered.

    First, last night, you said Nick Storm rushed out the story on Sen. Julian Carroll. That is false. Nick Storm held on to that story for over a year to make sure it was true and to vett everything possible before coming out with that, so that he would not damage a former governor and sitting senator with false allegations. Now, that is a fact. When you write something on here, you better know what you are talking about.

    Second, I missed a family vacation over that LRC scandal with those ladies, on account of the cover up that was on going in the democrat circles. My wife is still mad about that. There is no comparison to what we know as of tonight, to what happened with the Arnold scandal. Those women were telling the truth, and we did all we could do to make sure they got justice. That had nothing to do with politics, either. One of the finest democrats this state has ever had, out of Louisville, was one of the few, from the democrat circles, who backed those ladies all the way through. He ended up getting beat for re-election by Rep. A. Scott. Over on our side, Julie Raque Adams and Robert Benvenuti tried all they could to make sure those ladies got their justice.

    Now, there is a lot going on here that the public doesn’t understand. Nothing to do with this other stuff, but why members of our own party are trying to get Hoover out. We are having somewhat of an inter-party coup taking place behind the scenes. I won’t get into the weeds on this in-fighting we have playing out, but I think all the players understand who and why this is going on. If this mornings announcements didn’t clear some stuff up, we can do it all over again, if need be.

    Last thing, now I am not a lawyer, but the rumors are sexual harassment not sexual assault. I don’t want to make it sound like I am justifying anything because I am not. But, to slur Jeff Hoover or anyone’s name, without evidence, is wrong. I’m not defending Jeff Hoover because he is a republican. I am defending Jeff Hoover, at this point, for what I have seen and heard from him, for the last 20 some odd years. He has earned that respect and the time to wait, to reach a judgment, once all the facts are known.

    This is my last post on this topic. What you did yesterday to my condolence post was wrong. RL

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