Please veto Senate Bill 2 – the Pension Destruction Bill.
Senate Bill 2 breaks the back of the inviolable contract and removes its protections from new hires. These "new hires" the legislators dismissed so easily are our young people, the next generation. Shame on the legislators and shame on you if you sign SB 2.
On the House floor Rep. Stumbo recognized that this is a bad bill for future hires. He brushed that aside with a statement that those who begin after Jan. 1, 2014, will be informed. They have a choice to take a job with the state or not. That’s their choice, he said.
The question is, who will choose a career in public service when the reward of a good pension is taken away?
Stumbo and others went on to opine that current employees would not be hurt by SB 2. The bill also deliberately packs the Kentucky Retirement Systems Board of Trustees with “employers” and dilutes the influence of the trustees elected by retirees. It also creates a pension oversight board. This is all spade work in preparation for further erosion of benefits for current employees and retirees. Anyone who thinks otherwise is foolish.
Sen. Thayer kept trying to channel President Lincoln on the floor of the Senate on Tuesday, March 26. “The world will little note, nor long remember what we say here.” He should have been quoting President Franklin Roosevelt -- this is "a date which will live in infamy."
Gov. Beshear, I volunteered to work for your first gubernatorial campaign. I was so pleased when you ran again and won. Don’t make me sorry.