Matt Bevin on Social Security

	Matt Bevin on Social Security

Increase taxes to fund Kentucky Retirement Systems

Bevin also promised to cut the state's inventory and estate tax, but said he expects other taxes to increase in order to ensure the state can pay its growing pension obligations, which Bevin called a crisis. "That's not a pension system," Bevin said of the Kentucky Retirement Systems. "That's a checking account and it's about to go bankrupt."

Bevin said lawmakers must examine every aspect of the tax code and that there will be "sacred cows" that are turned into hamburger.

Source: 2017 Kentucky State of the State address , Feb 8, 2017

Replace public pension system with 401(k) for new employees

It's time for a Governor who will deal with Kentucky's unfunded pension liabilities that are in excess of $20 billion and likely more than double that amount. Our plan will fix our public retirement system while ensuring that we meet the existing obligations we have made to retired state workers. This starts with instituting an immediate freeze on the expansion of participants in our current pension plans and implementing a 401(k) style defined contribution plan for new employees. Source: 2015 Kentucky Gubernatorial campaign website, MattBevin.com , Aug 11, 2015

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