Eighth District State Representative candidate Max Sturdivant, Jr. joined with other Republican candidates this morning in Frankfort to address pension reform.
A bi-partisan task force is working on coming up with solutions for the state’s struggling retirement system this summer. Sturdivant and the other candidates appeared in the Capitol Rotunda to propose some changes they’d support, if elected.
They include giving all state legislators the option to enroll in a transferable 401K program instead of the current pension system. It would also require new lawmakers to do a 401K, as they would not be eligible for the current retirement program.
Retiree health care would also no longer be an option under the proposal. Sturdivant says in a news release that being part of the state pension system represents a conflict of interest for state legislators who must make decisions regarding the program.