Kentucky lawmakers get expensive ask for pension system - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Kentucky lawmakers get expensive ask for pension system

FRANKFORT, Ky. (AP) - Kentucky taxpayers need to pay nearly $1 billion extra over the next two years to keep solvent a retirement plan for most state workers.

The Kentucky Employees Retirement System board of trustees told state lawmakers Thursday they need to spend $2.8 billion over the next two years on a retirement plan that covers state workers and police officers. That's $954 million more than was required the previous two years.

Bevin has proposed a more than 500-page bill to overhaul the pension system, but has been met with significant opposition among state employees and even within his own political party. Wednesday, more than half of the majority House Republican caucus signed a letter asking Bevin not to call a special session.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Heartland NewsNewsMore>>

  • First Alert: Scattered thunderstorms possible this afternoon through evening

    First Alert: Scattered thunderstorms possible this afternoon through evening

    Sunday, July 15 2018 2:53 PM EDT2018-07-15 18:53:40 GMT
    Scattered thunderstorms will continue to develop from early afternoon into the early evening. (Source: KFVS)Scattered thunderstorms will continue to develop from early afternoon into the early evening. (Source: KFVS)

    Scattered thunderstorms will continue to develop ahead of a cold front from early afternoon through the early evening.

    Scattered thunderstorms will continue to develop ahead of a cold front from early afternoon through the early evening.

  • Evansville, IN man hospitalized after hydroplaning on I-24

    Evansville, IN man hospitalized after hydroplaning on I-24

    Sunday, July 15 2018 1:31 PM EDT2018-07-15 17:31:17 GMT
    52-year-old Christopher Manger was traveling on I-24 at the mile marker 12 in his 2003 Porche and his vehicle hydroplaned. (Source: McCracken County Sheriff's Department)52-year-old Christopher Manger was traveling on I-24 at the mile marker 12 in his 2003 Porche and his vehicle hydroplaned. (Source: McCracken County Sheriff's Department)
    52-year-old Christopher Manger was traveling on I-24 at the mile marker 12 in his 2003 Porche and his vehicle hydroplaned. (Source: McCracken County Sheriff's Department)52-year-old Christopher Manger was traveling on I-24 at the mile marker 12 in his 2003 Porche and his vehicle hydroplaned. (Source: McCracken County Sheriff's Department)

    An Evansville, Indiana man was sent to the hospital after a single-vehicle crash on I-24 on Sunday, July 15.

    An Evansville, Indiana man was sent to the hospital after a single-vehicle crash on I-24 on Sunday, July 15.

  • Carbondale nursing home evacuated due to power outage

    Carbondale nursing home evacuated due to power outage

    Sunday, July 15 2018 1:09 PM EDT2018-07-15 17:09:34 GMT
    A wing of the building is closed down in the meantime to make sure everything is okay. Some residents have been relocated to another facility in Marion. (Source: Donald Settles)A wing of the building is closed down in the meantime to make sure everything is okay. Some residents have been relocated to another facility in Marion. (Source: Donald Settles)
    A wing of the building is closed down in the meantime to make sure everything is okay. Some residents have been relocated to another facility in Marion. (Source: Donald Settles)A wing of the building is closed down in the meantime to make sure everything is okay. Some residents have been relocated to another facility in Marion. (Source: Donald Settles)

    A Carbondale nursing home was evacuated on Saturday, July 14 due to severe weather.

    A Carbondale nursing home was evacuated on Saturday, July 14 due to severe weather.

Powered by Frankly