Talking about pension reform is just the first step

With Kentucky House leader Greg Stumbo stating that pension reform for new hires is up for discussion, does this mean we may finally get somewhere with state pension reform in the next General Assembly?



While we need to do much more than simply open the discussion about public pensions, this is certainly a step forward from Gov. Beshear's believe that this problem will take care of itself.

Stumbo on defined contribution

Charles George, manager of public affairs for the Kentucky Chamber of Commerce, tweeted from the Kentucky Chamber Business Summit and Annual Meeting where state representative Greg Stumo was speaking:

Defined contribution is certainly something that needs to be talked about. Why? Simply put, public pensions, as they stand now, are breaking the backs of cities, counties and states.