Bill to bring transparency to legislative pensions passes House committee

The House State Government Committee passed a bill that would make former and current legislators’ retirement benefits information subject to open records requests with a 19-2 vote Wednesday.

Senate Bill 45, sponsored by state Sen. Chris McDaniel, allows for officials, upon request, to disclose the name and benefit amount, projected or actual, for any current or former lawmaker.

McDaniel has said the public has a right to know this information as they make decisions on who to elect to the General Assembly.

The Kentucky Chamber of Commerce has long been concerned about the unfunded liability of the state’s retirement systems and has advocated for a number of changes to improve the systems as well as measures to bring transparency to the pension systems.

Senate Bill 45 now heads to the House.

Categories: 2016 General Assembly, Pensions

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