Senate committee prepares to take up pension reform bill


FRANKFORT, Ky. (KT) - The public pension reform bill is expected to be taken up in a Senate committee soon.


Senate President Robert Strivers, R-Manchester, said in conversations with the sponsor of Senate Bill 1, Sen. Joe Bowen, R-Owensboro, “he believes the actuarial information will be available to us, so there could be a committee meeting this week.  That information should be delivered to us no later than Wednesday.”

The new actuarial information comes as changes were made to the original bill, which is now listed on the front page of the LRC website as PSS to SB 1.

“When you seek an actuarial analysis on a piece of legislation, it takes a long time,” he reminded reporters after the Senate adjourned on Monday.  “It’s beyond our control, has always been beyond our control, as to the timing when those are returned to us.”

Stivers says they have been in contact with the House and Governor’s office throughout the process.  “The leadership of the House Republicans feels confident they have the votes to pass the bill.”

Stivers commended the House for their quick action on the budget bills for the upcoming biennium.  “They got us the budget the earliest we’ve ever received it in my 22 years in this chamber.  That is even when Democrats controlled both the House and Senate,” he said.  “That will be better for the process, to maintain what I feel is something we should maintain, and that is our ability to override a veto by the governor.”

No word yet on when the Senate will take up the budget legislation.  Monday was Day 42 of the 60-day legislative session, which must end by midnight on April 14.  Lawmakers still have a snow day they can use between now and then, if needed, according to Stivers.



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