Kentucky lawmakers rushed a bevy of bills through just under the wire on Tuesday, including a plan to resolve the $33 billion in unfunded liability for the state pension system.
“I think this is a very good compromise, and in the end we got a better bill,” said Rep. Brad Montell (R-Shelbyville), who sits on the House State Government committee, which oversees the retirement system. “
The plan combines key components from House Bill 440, a funding bill, and Senate Bill 2, which created changes in the pension plan.