(WLEX)–Governor Matt Bevin unveiled what he called his “Keeping the Promise” plan to fix the state’s pension plan over the course of 30 years.

Bevin announced a 10 step plan that would keep the retirement age the same, leave the pensions of current retired workers uncut. In the future, the plan would leave hazardous duty employees, like police officers and firefighters in the same system they’re in now, legislators will swith to the same system as other Kentucky Retirement System employees and new teachers and state employees will move into a new defined contribution plan, similar to a 401K.

Kentucky’s public pension system is one of the worst-funded in the nation. It’s an issue, says Governor Bevin, that was one of the catalysts for his run for Governor. Bevin estimates that the debts are over $60 billion.