Kentucky's Speaker of the House Greg Stumbo has called a meeting of all state representatives to discuss the beleaguered public pension system.
An email containing Stumbo’s signature was sent to legislative assistants inviting all House members to attend a meeting on Tuesday to discuss ‘several complex issues.’
Stumbo spokesman Brian Wilkerson confirmed the meeting and says the main focus is to discuss the state retirement system in light of recent low investment returns.
Public pension systems for teachers and state workers have an estimated combined debt of more than $30 billion dollars, making it one of the worst funded pension systems in the country.
