Governor on Pension Reform: "We're going to raise the money"

By Michael Gossum | 

Lawmakers across the Commonwealth and Governor Steve Beshear D-Kentucky have said for several months the pension problem in Kentucky has to be fixed.

Currently there is no solution, but the governor said there will be.

"We're going to raise the money to pay for it. I'm not going to go into next year and the legislature look at me and say oh governor you just go find the money some place, because that will mean we'll have to take it out of education and other very important programs," said Gov. Beshear.

Some still hold out hope they will come to a resolution before the session ends, and there will not be a

"Well, we don't know yet. We are working right now and through this week when they were off before they come back for the veto days to see if we can't come to an agreement on pensions and a way to fund them," said Beshear.

Pension reform has been the number one issue this session, but tax reform is something many in Frankfort have discussed as well.

It won't be solved this session, but it remains a priority.

"We want to make sure that we create an environment where people will want to live and that we don't raise the tax burden as much on a lot of folks, but by spreading the tax burden we can raise more revenue to invest and re-invest in educating our kids," said Beshear.

Now, it's a waiting game to see if lawmakers can come to an agreement on pension reform.

The legislature will re-convene on March 25th and 26th to wrap up their session, and by then we will know if they have to go back for a special session.

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