Posts Tagged ‘Morgan McGarvey’

Kentucky Pension Crisis as Metaphor

Tuesday, March 19th, 2013

Legislators on Kentucky Tonight not only brought their verbal skills to the table Monday night; the discussion was replete with metaphors and analogies too, as both Democrats and Republicans took stabs (oops!) at explaining why the General Assembly hasn’t passed a much- needed public employee pension plan.

With only two days remaining in the session next week, both houses are mired in a debate over details of the plan and how pensions will be funded in the future.

Kentucky is staring a billion dollar unfunded liability in the current plan right in the face with no solution in sight. Negotiations between desperate House and Senate ideas are supposed to take place this week in order to avoid a special session of the legislature which the governor says he might call if a bill is not agreed to by March 26th.

Senate Majority Floor Leader Damon Thayer was the leadoff man last night, followed by Rep. John Tilley, Sen. Morgan McGarvey and Rep. John “Bam” Carney. Thayer began the discussion with a brief re-cap of pension legislation up to this point:

There were other bills discussed last night—hemp, fixes to “pill mill” legislation passed last year, raising the high school graduation age from 16 to 18 and others which you can see and hear by viewing the full program.


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