PENSION REFORM

During my first campaign, I was the only candidate willing to state clearly and forthrightly in writing my intention to meet Kentucky’s public pension crisis head on. I knew that Kentucky’s unfunded pension liabilities were a threat to public safety, education and other viable government services.

Pensions should be sustainable and dependable for our teachers and other public employees.
That’s why I’ve never wavered from my original promise to give everything I have, including my expertise as a successful businessman in the arena of retirement investments, to fix this problem. It’s why I was willing to take the slings and arrows of those who would kick the can down the road and withstand the political pressure that tried to convince me we couldn’t afford to fully fund our pension system. I did so because it was the right thing to do.

I am the first Governor in Kentucky history to fully fund the Actuarial Required Contribution (ARC).
Now we need to move forward to complete the fix of this system. I have proven that I am a leader who will not cave to the groundless accusations of those who helped create this crsis. Instead, I won’t rest until the pensions are sustainable and can be counted on by our teachers and other public employees.