For Immediate Release
Contact: John Cox
502-564-3120 Ext. 202
SENATE LEADERSHIP ANNOUNCES THREE APPOINTEES TO TEACHERS’ RETIREMENT WORK GROUP
FRANKFORT, Ky. (July 13, 2015) – Senate President Robert Stivers (R-Manchester) announced Monday the three Senate representatives who will be participating in Governor Beshear’s “Teachers’ Retirement Work Group” to address funding issues: Senate Majority Leader Damon Thayer (R-Georgetown), Senator Joe Bowen (R-Owensboro) and Senator Morgan McGarvey (D-Louisville).
“It has been the position of the Senate Majority to seek a complete solution which combines structural reform with any additional funding,” Senator Thayer said. “We look forward to learning the structural solutions offered by this working group. We recognize that lasting structural changes will make any additional taxpayer funding of public pensions have a long-term impact that will benefit all Kentuckians.”
According to Governor Beshear’s office, “The work group will review best practices in other states regarding pension benefits, conduct a comprehensive review of funding options and make recommendations for improving the fiscal solvency of the KTRS. The work group may also contract for consulting services.”
Gov. Beshear also asked the work group to complete its work and submit its report to him on or before December 1, 2015.