Gov. Matt Bevin’s pension bill narrowly passed the Kentucky House of Representatives after hours of debate Monday. It now heads to the state Senate, where it is expected to have more support.
Lawmakers are in the middle of a special legislative session to deal with a massive spike in pension costs for regional universities and small state agencies like health departments, rape crisis centers and domestic violence shelters.
Republican leaders of the legislature are only considering one proposal — a bill crafted by Bevin that would all the agencies to “buy out” of the state’s ailing pension system and incentivize them to move employees into less-generous 401k-style retirement plans.