Rep. Shell expects pension bill in two-three weeks; Likely reforms to KTRS

01/22/2018 04:28 PM

FRANKFORT — Majority Floor Leader Jonathan Shell, R-Lancaster, expects leaders from the House and Senate to reach an agreement on a pension reform proposal in the coming weeks.

Currently the House and Senate leaders are making tweaks to the legislation, and continue to await updated scoring and other analysis on the legislation, which could impact thousands of current and retired Kentuckians.

“We have sent a couple of bills to the actuaries, we’ve gotten back some numbers — we saw some positive things, we saw some negative things — but what we want to try and do is to get an actual plan, a positive plan; something that shows that we’re paying down the unfunded liability, but also we’re protecting workers at the same time,” he said.

Shell said leaders are putting “components” found in the 2008 and 2013 pension reforms into the other systems — a signal that the Kentucky Teachers Retirement System could see more focus in the eventual bill.

“The reforms that will happen in KTRS will show somewhat more savings, somewhat more movement than what you will see in KRS, because the reforms already happened,” he said.

Watch the full interview with Shell below.

Nick Storm

Nick Storm is the Anchor and Managing Editor of Pure Politics available exclusively on Spectrum News. Pure Politics is the only nightly program dedicated to Kentucky politics. Nick covers all of the political heavyweights and his investigative work brings to light issues that might otherwise go unnoticed, like his coverage of the backlog of DNA rape kits waiting to be tested in Kentucky. Nick is also working on a feature length bio documentary Outlaw Poet: A documentary on Ron Whitehead. Pure Politics airs weeknight at 7 and 11:30 on Spectrum News. Follow Nick on Twitter @NStorm_Politics. Nick can be reached at 502-792-1107 or nicholas.storm@charter.com.

6 Comments

Comments

  • Bill Adkins wrote on January 22, 2018 04:57 PM :

    Hide your children, your women and your money – a Republican uses the term “reform” and that is indication you’re about to be robbed.

  • Bill Adkins wrote on January 22, 2018 04:58 PM :

    Hide your children, your women and your money – a Republican uses the term “reform” and that is indication you’re about to be robbed.

  • nutjob wrote on January 23, 2018 07:11 AM :

    why is a bill that affects so many people being drafted in secrecy? when are the hearings going to be scheduled? What about the time that the governor promised people to read the bill and figure out how it affects each person. Apparently they had actuarial information on another draft that was so bad that they lacked the cajones to release the information. The state workers and teachers are not stupid – if it is a bad bill we will all know -this one is not rocket science, it is really basic math. The state pension system is not the same as the governor’s bell company – this is not a private enterprise and should not be run like the corner store.

  • AllPainNoGain wrote on January 23, 2018 07:44 AM :

    Again, no surprise here. They are waiting until after the filing deadline to see what kind of competition they will have in the primary and general election. They care more about saving their own seats than they do about the people they are elected to serve. Cowards, every single one of them.

  • sadkyworker wrote on January 23, 2018 09:12 AM :

    Amen nutjob! In private industry if you don’t pay your bill then the company doesn’t have to provide service or items to you. State government has to provide services to EVERYONE without regard to their ability to pay, race, religion, etc. They will NOT sneak through something this important. It deserves to be vetted extensively. It may be just a bill to them but to us, its our livelihood and our future.

  • Honest Parley wrote on January 23, 2018 10:09 AM :

    The GOP Governor and legislative majorities are showing themselves to be plainly incapable of governing. We supported the present Governor during his campaign because we believed sincerely that his outsider status and business acumen offered the Commonwealth our best hope for achieving the tax reform and public pension reform that comprise the only two public policy issues of any importance at this point in time.

    We were plainly wrong in this belief. Governor Bevin is clearly incapable of constructive leadership. He is an ideologue who achieves only what he can issue by edict (see Medicaid waiver). He is a divider, one who believes in his role as judge, jury and executioner of those who would dare to disagree with him or not buy into his narrow ideology. He is and has been repeatedly dishonest in public settings. He, his Brickman, and his Hodgson do not understand that there are 138 people in Frankfort who get to make public policy, and for a governor to achieve ANYTHING of note, then he must convince 51 in the House in the House and 20 in the Senate (or more, depending on the ambition).

    Here is the plain truth: the “two party” one party system in Kentucky is fatally flawed, flailing and failing. The fastest growing segment of the Kentucky electorate are people who choose to identify with neither the “Vanilla Party” nor the “Vanilla with Bean Specks” Party. Our state is becoming more like a developing country each and every day because of the predominant self-interest that prevails in these two (really one) groups in Frankfort. Their arrogance and disconnectedness from everyone except their financial supporters is quickly taking us down a path of no return.

    One reform that should be achieved this session: Kentucky should become an Open Primary state, so that the nearly 10% of the electorate who register as something other than an R or a D get to vote for who represents them in Frankfort. Every state that surrounds Kentucky, other than West Virginia, has some form of Open Primary system. https://ballotpedia.org/Open_primary

    Currently, in legislative districts where elections are decided in primaries, only the members of that party get to vote for who represents the district in Frankfort. This system could not be more un-American, and it must be changed for anything to change in Frankfort.

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