The Task Force on Pensions continues to work on finding recommendations on how to save Kentucky’s state employee retirement system and one area lawmaker says it’s time to make some tough decisions.
16th District State Representative Martha Jane King says she doesn’t think benefits should be reduced for current retirees, but changes will have to be made to benefit packages for new-hires.
Representative King says governors and the General Assembly have tried the “wait and see” approach long enough hoping investments might improve—which just hasn’t happened.
Representative King says she would also change the formula for how the pension is calculated. Among those serving on the task force which hopes to make recommendations next year is Representative Brent Yonts of Greenville.
Ms. King represents Todd and Logan Counties.