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October 3, 2019 | Vol. 94, No. 6
KENTUCKY
GUBERNATORIAL
Colton Colglazier/The News
Students and faculty to closely watch forum Daniella Tebib News Editor dtebib@murraystate.edu Emily Shepherd Contributing Writer eshepherd2@murraystate.edu
Gov. Matt Bevin and Attorney General Andy Beshear will square off in the first of five televised gubernatorial forums on Thursday, Oct. 3, in Paducah, Kentucky. The event, hosted by the Paducah Area Chamber of CommerceandWPSD-TV,will airliveontheNBCaffiliateand WKMS. Beshear and Bevin are consideredthetoptwocandidates in the race for governor. One of the key issues in this year’s election that impacts faculty, staff and students at
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Murray State is the pension crisis as it continues to affect the overall budget for the University. The University administration has made several cuts to programs and services over the last year to make up for the additionalpensioncosts.Most recently, dining and transportation services on campus were outsourced and a requestforproposalswentout in September to companies interestedintakingoverfacilities management services. The two candidates have vastly different ideas on how to fund the pension system. Bevin signed a bill into law earlier this year that would allow colleges and universities, among other governmental agencies, to opt out of the Kentucky Employee
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RetirementSystemandmove employees into a 401(k) retirement plan or continue in KERS at an increased rate. Thatratewouldlikelygofrom 49 to 89 percent in July 2020 fororganizationsthatdecided to stay in the state-sponsored program,aratethatPresident Bob Jackson said is not feasible for Murray State. “This pension rate is unsustainable and places tremendouspressuresonourbudget and greatly impacts all areas of the University,” Jackson said. University officials said at the September quarterly BoardofRegentsmeeting,the Universitycurrentlypaysover $6 million into the KERS plan forabout338employees.That figurewouldincreasetonearlyover$10.4millionnextyear. If the University chose to leave the state’s pension system, it would have to pay unfundedliabilitieseitherina largelumpsumorinstallments
over the next 30 years. The Murray State administration has until April 2020 to make a decision. MadisonHillberry,co-president of College Democrats from Elizabethtown, Kentucky, said the pension crisis is an important issue on her mind during this election. “With that being said, we need to elect a governor who has teachers and students at theirbestinterestandonethat willshowtheymatterwithtangible action,” Hillberry said. The pension system currently has $13.6 billion in unfundedliabilities.Bevinhas blamed previous administrations for allowing the pension system to get this far in debt but has signed legislation that would fully fund the pension, despite the opposition of his plan to do so. “It’s why I was willing to take the slings and arrows of those who would kick the can down the road and withstand
thepoliticalpressurethattried to convince me we couldn’t affordtofullyfundourpension system,” Bevin said in a statement on his campaign website. “I did so because it was the right thing to do.” Beshear has been critical of Bevin’s plan to fix the ailing system. “When this governor tried to slash pensions, I went to the Supreme Court and personally argued for the promised pensionsofmorethan200,000 teachers, police officers, firefighters, EMS, social workers and nearly all city and county employees in Kentucky,” Beshearsaid onhiscampaign website. Beshearrecentlyannounced he will support expanded gaming in Kentucky in an effort to help the pension system. “As governor, I will work to
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