Immense victory for supporters of Pension Bill

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FRANKFORT, Ky. (WTVQ) – According to the Associated Press, of the 49 Republican legislators who voted for the bill and ran for re-election, only four of them lost, including one who lost by a single vote which may cause a recount.

The Courier-Journal reported in October that years of under funding by politicians created a multi-billion dollar pension crisis that threatens the retirement security of Kentucky teachers, police, firefighters, and other public employees.

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According to the Courier-Journal, Kentucky’s Public Pension plans were fully funded in 2000, but became among the very worst-funded plans in the country, now officially carrying more than $37 billion in unfunded liabilities.

Earlier in September, KEA President Stephanie Winkler said the bill not only affects teachers, but the future of learning for students.

” This pension reform would be just one more way that we would not be able to attract and retain good teachers which our students deserve the very best.”

According to the Courier-Journal, Governor Matt Bevin said during an interview,” People need to disregard the noise machine from the KEA and focus on what’s best for the individual classrooms.”

The election results have some Republican leaders encouraged but urges members not to worry when the legislature reconvenes in January.