Kentucky's Pensions
4:13 pm
Mon August 18, 2014

LaRue County GOP Passes Resolution Urging Lawmakers to Fix Broken Pension System

LaRue County's GOP secretary says the pensions issue affects the financial future of the state.
LaRue County's GOP secretary says the pensions issue affects the financial future of the state.

The LaRue County Republican Party has passed a resolution urging state lawmakers to fund and fix Kentucky’s underfunded pension system, which commands tens of billions of dollars worth of debt. The action is the latest example of growing statewide concern over the issue.

From a mental health nonprofit in Louisville, to a small northern Kentucky city, the LaRue County GOP is the latest in a line of concerned groups actively trying to get Frankfort to do something about the state’s pension system, which has been underfunded by the General Assembly for years, causing liabilities to swell and threatening their abilities to pay public employees.

“An overlooked, underappreciated major financial problem statewide in Kentucky,” said Gil Myers, the LaRue County GOP Secretary. “One that affects every resident, every hard working family, every business and farm, now and in the future.”

The resolution expresses support for a bipartisan task force to examine the issue, which was championed by GOP Floor Leader Rep. Jeff Hoover this year, but died in the Democratic- controlled House of Representatives.