Kentucky teachers call on state lawmakers to vote against bill that would cut pensions

Kentucky teachers call on state lawmakers to vote against bill that would cut pensions
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Teachers across Kentucky called on state lawmakers to vote against legislation that would cut the annual cost of living pay adjustments for state employees at a rally in front of the state's capital in Frankfort, Ky., on Monday. 

 

 

 

Senate Bill 1 would establish a 401(k)/pension hybrid, which would decrease the cost of living pay increases for state employees, including teachers. 

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However, some state officials have pointed out that it could save taxpayers $3.2 billion over the next two decades. 

The first organized protest against the measure took place on Thursday. 

The bill suffered a setback on Friday when it was sent back to committee. It is not known whether it will pass before the state's legislative session ends in 8 days. 

The demonstrations come after educators in West Virginia carried out a nine-day strike that shut down schools in the state's 55 counties.

The teachers ended up winning a statewide 5 percent raise for all public employees and a commission to deal with issues surrounding the Public Employees Insurance Agency (PEIA).