A bill that would change the pension plan for future Kentucky teachers come January 2022 cleared the house Thursday after passing through a House committee earlier in the day.House Bill 258 passed in a 68-28 house vote. The bill would put new teachers on a hybrid pension plan and create a new tier within the Kentucky Teachers Retirement System.The retirement system would give new teachers a cash balance plan — similar to a portable 401K — and a smaller, defined benefit plan similar to a pension.The head of Jefferson County Teachers Association Brent McKim testified before the House State Government Committee about the interaction between the organization and the lawmakers crafting the legislation. Though JCTA has not issued a formal statement on the legislation, McKim told the committee the bill as it stood was a joint effort.”Although we do not have an organizational position on the bill, as an advocate for educators, I was able to raise many issues and achieve many changes that went into drafting House Bill 258,” McKim said.As the bill moved through the House inside of the Kentucky State Capitol, demonstrators were outside the building voicing their discontent with the legislation.”This is just part of trying to take teachers out of a pension system and so the only way they can do it is by doing it with new teachers,” Donna Meers said.Denise Finley, a retired teacher with over 40 years of service, said she felt unconvinced the new pension plan was necessary, especially with the effects it could have on the future of education in Kentucky.”This pension that they’re talking about, they’re going to have to pay more into the pension and they’re going to get less return so we’re not going to be attracting the best and the brightest teachers to attract and retain them,” Finley said.The bill will now head to the Senate but McKim was optimistic there would be more changes made in favor of teachers during the process.

A bill that would change the pension plan for future Kentucky teachers come January 2022 cleared the house Thursday after passing through a House committee earlier in the day.

House Bill 258 passed in a 68-28 house vote. The bill would put new teachers on a hybrid pension plan and create a new tier within the Kentucky Teachers Retirement System.

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The retirement system would give new teachers a cash balance plan — similar to a portable 401K — and a smaller, defined benefit plan similar to a pension.

The head of Jefferson County Teachers Association Brent McKim testified before the House State Government Committee about the interaction between the organization and the lawmakers crafting the legislation. Though JCTA has not issued a formal statement on the legislation, McKim told the committee the bill as it stood was a joint effort.

“Although we do not have an organizational position on the bill, as an advocate for educators, I was able to raise many issues and achieve many changes that went into drafting House Bill 258,” McKim said.

As the bill moved through the House inside of the Kentucky State Capitol, demonstrators were outside the building voicing their discontent with the legislation.

“This is just part of trying to take teachers out of a pension system and so the only way they can do it is by doing it with new teachers,” Donna Meers said.

Denise Finley, a retired teacher with over 40 years of service, said she felt unconvinced the new pension plan was necessary, especially with the effects it could have on the future of education in Kentucky.

“This pension that they’re talking about, they’re going to have to pay more into the pension and they’re going to get less return so we’re not going to be attracting the best and the brightest teachers to attract and retain them,” Finley said.

The bill will now head to the Senate but McKim was optimistic there would be more changes made in favor of teachers during the process.

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