HEADLINES : Kentucky
House Speaker Greg Stumbo signals special session for pension reform
FRANKFORT, Ky. - House Speaker Greg Stumbo signaled Tuesday that the General Assembly is headed for a special session to consider pension reform because funding proposals would require supermajority support to pass in the regular session.
Stumbo has filed a placeholder bill that he said will be filled in with details by next week. The House Democratic caucus will meet Wednesday to discuss final language, he said.
That caucus will consider all recommendations from Gov. Steve Beshear's task force on tax reform and other ideas to create a revenue stream for funding the troubled state retirement system, Stumbo said.
But any revenue measure would need support from a three-fifths supermajority of lawmakers to pass in the regular session of an odd-numbered year.