On Monday afternoon, Kentucky Gov. Matt Bevin held a news conference in Frankfort to announce that he has called for a special session that started Monday evening.
Gov. Bevin said he has confidence in the legislature to, as he put it, “get this done.”
The decision to hold a special session comes four days after the state Supreme Court struck down a pension law Gov. Bevin signed earlier this year.
During Monday evening session, two bills were introduced by Republican leaders.
The first was House Bill 1, which is said to be similar to the original and recently blocked Senate Bill 151.
The bill removes some provisions, including level-dollar funding.
House Bill 2 was also introduced and mimics House Bill 362.
This proposed bill would limit pension increases for public education employees.
Reports suggest that if House Bill 2 passes, the 3 percent benefit increase for teachers who worked for 30 years would be decreased to 2.5 percent in 2024.
The special session continued on Tuesday afternoon, but no vote was held.
During a special session, a bill only needs 51 votes to pass, compared to the 60 that would be needed in the upcoming legislative session.
The special session must last for at least five days and costing Kentucky taxpayers around $60,000 per day.
Kentucky has one of the worst-funded pension systems in the country and the state is at least $38 billion short of the money required to pay benefits over the next three decades.
During Gov. Bevin’s news conference on Monday, he said the legislature must act immediately before the state faces more credit downgrades that will cost taxpayers tens of millions of dollars.