A Warren County lawmaker says he feels good about the chances of a pension reform measure being finalized by the end of the legislative session. Republican Representative Jim DeCesare told WKU Public Radio he doesn’t think there are many differences remaining between the two parties.
“It was my understanding that when we left there both sides weren’t that far apart," said the Rockfield lawmaker. "We just have some details to work out on three or four main issues. And the hope is that they can come to some sort of a conclusion and some kind of result that everybody can live with.”
DeCesare said pension reform is “without a doubt” the single most important issue lawmakers need to hammer out before the session ends. A bill passed by the Republican-led Senate creates 401-K like retirement plan for new government workers, while a House-passed bill would use money raised from the lottery and horse tracks to fund the state’s pension contributions.
Most Kentucky lawmakers are back home for the next week-and-a-half, while some conferees remain at the state capitol trying to work out differences between the House and Senate. All lawmakers will return to Frankfort March 25-26 for the final two days of the regular session.
Two priorities of Kentucky lawmakers will spill over to the so-called veto period of the 2013 legislative sessions after the issues could not be resolved by the end of Tuesday.
Legislators were unable to compromise on pension reform and the military electronic voting bill before both legislative chambers adjourned until March 25.
Legislative leaders said talks on pension reforms are still progressing and that a conference committee has been set up to find a compromise on the military voting bill. Earlier Tuesday, Gov. Steve Beshear said a special session appeared more likely because the General Assembly appeared to lack agreement on reforms to the state's underfunded pension system.
House Speaker Greg Stumbo, a Democrat, said the talks on pension reform have been encouraging despite the lack of a deal before legislators adjourned Tuesday.