Gov. Matt Bevin, together with state legislative leaders, has unveiled "Keeping the Promise" — a comprehensive plan to save Kentucky’s ailing public pension system.
"There is no such thing as an insurmountable obstacle," said Gov. Bevin. "We, as a Commonwealth, have a moral and legal obligation to fulfill the promises that have been made to our public employees. This is not just about fixing our present underfunding problem. It is also about ensuring that we leave a better, financially stable Kentucky to our children.
"The right thing to do is rarely the easiest, but we are determined to address this crisis with the most fiscally responsible public pension reform plan in the history of the United States. I am confident that the rest of the country will pay close attention to this excellent work by our legislature and for good reason. For those retired, for those still working, and for those yet to come: we are truly fixing our broken pension systems. United we stand. Divided we fall."