August 29, 2016 •
Kentucky House Speaker Issues Invitation to Discuss Struggling Pension Systems
House Speaker Greg Stumbo has called an impromptu meeting of the House of Representatives to discuss the struggling Kentucky Retirement System and Kentucky Teachers Retirement System. Stumbo cited poor returns and high placement fees for investment managers in an email sent to all members of the House.
All members of the House are invited to the Tuesday morning meeting, but Republicans are expected to boycott. Minority Leader Jeff Hoover criticized the timing of the meeting, as it coincides with a Democratic fundraiser taking place in Frankfort.
Hoover was also puzzled by Stumbo’s sudden interest in the topic, arguing the Democrats care now only because it will be an issue in the upcoming elections.
Photo of House Speaker Greg Stumbo courtesy of the Kentucky Legislature website.
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