Ky. lawmakers try to hammer out deal on pension reform - WDRB 41 Louisville News

Ky. lawmakers try to hammer out deal on pension reform

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FRANKFORT, Ky. (WDRB) -- In an afternoon filled with closed-door meetings, rejected proposals and counter proposals, few details emerged as Kentucky lawmakers worked late Monday to hammer out a plan aimed at fixing the state's growing pension deficit.

All told, the combined unfunded liability for the state's pension system is more than $33 billion. That includes retirement plans for state workers, teachers and state police.

"From having something on the table, we are much closer but there could still be moving parts," Governor Steve Beshear told reporters Monday.

As of 8 p.m. Monday, House Speaker Greg Stumbo said he had a counter offer that he hoped would pass the Democratic-controlled House but offered few details. He said the offer included "a change" to the two cent reduction in the gas tax Gov. Steve Beshear had proposed earlier in the day.

But when asked about the counter offer, Senate President Robert Stivers told reporters he and other Senate leaders had not been briefed on one.

"As to a specific counter offer we have seen none," Stivers said after emerging from another closed-door meeting with the governor Monday night.

Gov. Steve Beshear's pension proposal included a plan to cut 2 cents off the gas tax in 2014 and completely eliminate a $20 tax rebate for every Kentuckian. But that idea was flatly rejected by House Democrats during their first closed-door meeting late Monday afternoon.

The House was set to resume its work at 10 a.m. Tuesday, the Associated Press reported.

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