Reaction continues to come in regarding the pension reform legislation that passed the Kentucky General Assembly Tuesday night, with most of it positive.
One local legislator who voted against the structural changes included in the reform is 15th District State Representative Brent Yonts of Greenville, who says doing away with the defined benefit for new employees causes instability in the system.
16th District State Representative Martha Jane King, who represents Todd and Logan Counties, says the compromise was bi-partisan and it was the first step in over-hauling a pension system that had to be addressed this year.
First District State Senator Stan Humphries of Trigg County finished his first session in Frankfort Tuesday and said there were aspects of the compromise that both Republicans and Democrats didn’t like, but he was happy with the hybrid system created for new state employees.
All local lawmakers agree this was only the first step in addressing the pension system, which was almost unanimously declared the most important issue facing the General Assembly coming in to this year’s session.